Capital, Profits and Interest Excerpted from the book; Individual Liberty Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. In the study of the economic question, the first thing that must engage our attention is why the worker fails to get all of the product of his labor. Volumes have been written by economists of various schools in discussion of the problem, most of them muddling about in the mire of their own misconceptions. But the editor of Liberty went straight to the heart of the matter and quickly found the answer: Somebody gets the surplus wealth that labor produces and does not consume. Who is the Somebody? Such is the problem recently posited in the editorial columns of the New York Truth. Substantially the same question has been asked a great many times before, but,...
I. We seek understanding of facts for guidance in action, for avoidance of mistake and suffering, and even for resignation to the inevitable. This statement may cover the chief aims of mankind in intellectual discussion, ignoring now that which is merely a scholastic exercise. I am not in favor of argument in the style of the debating tarnished by a practice of which easily generates an evil habit, and there are, at least as yet, too many occasion in real life on which every person who loves to tell the truth and expose falsehood must consider time and circumstance lest he impale himself upon implacable prejudices. Consequently if duplicity have its uses there need be no fear that it will not be cultivated without concerted efforts thereto ... (From : Anarchy Archives.)
PREFACE The following narrative is intended to answer a purpose, more general and important than immediately appears upon the face of it. The question now afloat in the world respecting THINGS AS THEY ARE, is the most interesting that can be presented to the human mind. While one party pleads for reformation and change, the other extols, m the warmest terms, the existing constitution of society. It seemed as if something would be gained for the decision of this question, if that constitution were faithfully developed in its practical effects. What is now presented to the public, is no refined and abstract speculation; it is a study and delineation of things passing in the moral world. It is but of late that the inestimable importance of political principles has been adequately apprehended. It is now known to philosophers, that the spirit and character of the government intrudes itself into every rank of society. But this is a truth, highly worthy to be c...