Written: August 1874; Source: Bakunin on Anarchy, translated and edited by Sam Dolgoff, 1971. Bakunin was above all preoccupied with the theory and practice of revolution and wrote very little about how the everyday practical problems of social reconstruction would be handled immediately following a successful revolution. Nevertheless, these problems were intensively discussed in Bakunin’s circle and among the anti-authoritarian sections of the International. In “Ideas on Social Organization”, Guillaume discusses the transition from capitalism to anarchism – a synthesis of “Bakuninist” ideas on how this transition could be effected without the restoration of authoritarian institutions.” Its value li... (From : Marxists.org.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library 2. -- Constitution of value; definition of wealth. We know value in its two opposite aspects; we do not know it in its TOTALITY. If we can acquire this new idea, we shall have absolute value; and a table of values, such as was called for in the memoir read to the Academy of Sciences, will be possible. Let us picture wealth, then, as a mass held by a chemical force in a permanent state of composition, in which new elements, continually entering, combine in different proportions, but according to a certain law: value is the proportional relation (the measure) in which each of these elements forms a part of the whole. From this two things result: one, that the economists have been wholly deluded when they have looked for the general measure of value in wheat, specie, ren...