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 1. -- Opposition between FACT and RIGHT in social economy. I AFFIRM the REALITY of an economic science. This proposition, which few economists now dare to question, is the boldest, perhaps, that a philosopher ever maintained; and the inquiries to follow will prove, I hope, that its demonstration will one day be deemed the greatest effort of the human mind. I affirm, on the other hand, the absolute certainty as well as the progressive nature of economic science, of all the sciences in my opinion the most comprehensive, the purest, the best supported by facts: a new proposition, which alters this science into logic or metaphysics in concreto, and radically changes the basis of ancient philosophy. In other words,...
What is the origin of money? What are the conditions under which nations always have money, and under what circumstances need nations not use money? There are small tribes in Africa, and one in Australia, who live as the Sknepies and the Drevlyans lived in olden times. These tribes lived by breeding cattle and cultivating gardens. We become acquainted with them at the dawn of history, and history begins by recording the fact that some invaders appear on the scene. And invaders always do the same thing: they take away from the aborigines everything they can take,—cattle, corn, and cloth; they even make prisoners, male and female, and carry them away. In a few years the invaders appear again, but the people have not yet got over the consequences of their first misfortunes, and there is scarcely anything to take from them; so the invaders invent new and better means of making use of their victims. These methods are very simple, and present themselves nat...