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 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...
I began again to analyze the matter from a third and purely personal point of view. Among the phenomena which particularly impressed me during my benevolent activity, there was one,—a very strange one,—which I could not understand for a long time. Whenever I happened, in the street or at home, to give a poor person a trifling sum without entering into conversation with him, I saw on his face, or imagined I saw, an expression of pleasure and gratitude, and I myself experienced an agreeable feeling at this form of charity. I saw that I had done what was expected of me. But when I stopped and began to question the man about his past and present life, entering more or less into particulars, I felt it was impossible to give him 3 or 20 kopecks; and I always began to finger the money in my purse, and, not knowing how much to give, I always gave more under these circumstances; but, nevertheless, I saw that the poor man went away from me dissatisfied. When I...