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. -- Inadequacy of theories and criticisms. We will record first an important observation: the contending parties agree in acknowledging a common authority, whose support each claims, -- SCIENCE. Plato, a utopian, organized his ideal republic in the name of science, which, through modesty and euphemism, he called philosophy. Aristotle, a practical man, refuted the Platonic utopia in the name of the same philosophy. Thus the social war has continued since Plato and Aristotle. The modern socialists refer all things to science one and indivisible, but without power to agree either as to its content, its limits, or its method; the economists, on their side, affirm that social science in no wise differs from political economy. It is our first bus...
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...