These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)
FOREWORD France has exhausted the principles that once sustained it. Its conscience is empty, just like its reason. All the famous writers that it has produced in the last half-century,—the de Maisters, the Chateaubriands, the Lamennais, the de Bonalds, the Cousins, the Guizots, the Lamartines, the Saint-Simons, the Michelets, Catholics, eclectics, economists, socialists, and members of parliament,—have not ceased to predict that moral collapse which, thanks to God's mercy, man's foolishness, and the necessity of things, has finally arrived. The philosophers of Germany have echoed the prophets of France, as finally the destiny of our homeland has become common to all the old world; for it is written that as French society is, so... (From : Anarchy Archives.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library 2. -- Inadequacy of theories and criticisms. We will record first an important observation: the contending parties agree in acknowledging a common authority, whose support each claims, -- SCIENCE. Plato, a utopian, organized his ideal republic in the name of science, which, through modesty and euphemism, he called philosophy. Aristotle, a practical man, refuted the Platonic utopia in the name of the same philosophy. Thus the social war has continued since Plato and Aristotle. The modern socialists refer all things to science one and indivisible, but without power to agree either as to its content, its limits, or its method; the economists, on their side, affirm that social science in no wise differs from political economy. It is our first bus...