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 THE WORKS OF P. J. PROUDHON VOLUME IV. SYSTEM OF ECONOMICAL CONTRADICTIONS. I. Published and Sold by BENJAMIN R. TUCKER, BOSTON, MASS. 1888 SYSTEM OF ECONOMICAL CONTRADICTIONS OR, THE PHILOSOPHY OF MISERY. BY P. J. PROUDHON Destruam et ædificabo. Deuteronomy: c. 32. VOLUME FIRST. TRANSLATED FROM THE FRENCH BY BENJAMIN R. TUCKER Published and Sold by BENJAMIN R. TUCKER, BOSTON, MASS. 1888 University Press: JOHN WILSON AND SON, CAMBRIDGE CONTENTS. INTRODUCTION. . . . . . . . . . . . . . . . . . . 1 CHAPTER I. OF THE ECONOMIC SCIENCE . . . . .
Money! Then what is money? It is answered, money represents labor. I meet educated people who even assert that money represents labor performed by those who possess it. I confess that I myself formerly shared this opinion, although I did not very clearly understand it. But now it became necessary for me to learn thoroughly what money is. In order to do so, I addressed myself to science. Science says that money in itself is neither unjust nor pernicious; that money is the natural result of the conditions of social life, and is indispensable, first, for convenience of exchange; secondly, as a measure of value; thirdly, for saving; and fourthly, for payments. The fact that when I have in my pocket three rubles to spare, which I am not in need of, I have only to whistle and in every civilized town I can obtain a hundred people ready for these three rubles to do the worst, most disgusting, and humiliating act I require, it is said, comes not from money, but from...