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...
These unfortunate necessitous ones ranged themselves in my mind under three heads: First, those who had lost former advantageous positions, and who were waiting to return to them (such men belonged to the lowest as well as to the highest classes of society); Secondly, women of the town, who are very numerous in these houses; and Thirdly, children. The majority of those I found, and noted down, were men who had lost former places, and were desirous of returning to them, chiefly of the better class, and government officials. In almost all the lodgings we entered with the landlord, we were told, “Here we need not trouble to fill up the card ourselves: the man here is able to do it, provided he is not tipsy.” Thus summoned by Iván Fedotitch, there would appear, from some dark corner, the once rich nobleman or official, mostly drunk, and always half-dressed. If he were not drunk, he willingly undertook the task: he kept nodding his head wit...