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...
The inhabitants of these houses belonged to the lowest population of the town, which in Moscow amounts to perhaps more than a hundred thousand. In this house, there were representative men of all kinds,—petty employers and journeymen, shoemakers, brushmakers, joiners, hackney coachmen, jobbers carrying on business on their own account, washerwomen, secondhand dealers, money-lenders, day-laborers, and others without any definite occupation; and here also lodged beggars and unfortunate women. Many who were like the people I had seen waiting at Liapin's house lived here, mixed up with the working-people. But those whom I saw then were in a most wretched condition, having eaten and drunk all they had, and, turned out of the public-house, were waiting, as for heavenly manna, cold and hungry, to be admitted into the free night-lodging-house,—and longing day by day to be taken to prison, in order to be sent back to their homes. Here I saw the same men among...