What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library Chapter 2 CHAPTER II. OF VALUE. 1. -- Opposition of value in USE and value in EXCHANGE. Value is the corner-stone of the economic edifice. The divine artist who has entrusted us with the continuation of his work has explained himself on this point to no one; but the few indications given may serve as a basis of conjecture. Value, in fact, presents two faces: one, which the economists call value in use, or intrinsic value; another, value in exchange, or of opinion. The effects which are produced by value under this double aspect, and which are very irregular so long as it is not established, -- or, to use a more philosophical expression, so long as it is not constituted, -- are changed...
I recollect that during the whole time of my unsuccessful endeavors to help the unfortunate inhabitants of Moscow, I felt I was like a man trying to help others out of a bog, who was all the time stuck fast in it himself. Every effort made me feel the instability of the ground upon which I was standing. I felt that I myself was in this bog, but the acknowledgment did not help me to look more closely under my feet to find out the nature of the ground on which I stood: I kept looking for some external means to remedy the evil. I felt my life was a bad one, and that people ought not to live so; yet I did not come to the most natural and obvious conclusion: that I must first reform my own mode of life before I could have any conception of how to reform others. And so I began at the wrong end, as it were. I was living in town, and wished to improve the lives of the men there; but I soon became convinced that I had no power to do so; and then I began to ponder over the natur...