Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library 3. -- Of preservatives against the disastrous influence of machinery. Reduction of manual labor is synonymous with lowering of price, and, consequently, with increase of exchange, since, if the consumer pays less, he will buy more. But reduction of manual labor is synonymous also with restriction of market, since, if the producer earns less, he will buy less. And this is the course that things actually take. The concentration of forces in the workshop and the intervention of capital in production, under the name of machinery, engender at the same time overproduction and destitution; and everybody has witnessed these two scourges, more to be feared than incendiarism and plague, develop in our day on the vastest scale and with devouring intensity. Never...
An Inquiry into the Principle of Right and of GovernmentP. J. Proudhon: His Life and His Works. The correspondence of P. J. Proudhon, the first volumes of which we publish to-day, has been collected since his death by the faithful and intelligent labors of his daughter, aided by a few friends. It was incomplete when submitted to Sainte Beuve, but the portion with which the illustrious academician became acquainted was sufficient to allow him to estimate it as a whole with that soundness of judgment which characterized him as a literary critic. In an important work, which his habitual readers certainly have not forgotten, although death did not allow him to finish it, Sainte Beuve thus judges the correspondence of the great publicist: — “The letters of Proudhon, even outside the circle of his particular friends, will always be of value; we can always learn something from them, and here is the proper place to determine the general character of his correspondence. “It has alway...