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 3 CHAPTER III. ECONOMIC EVOLUTIONS. -- FIRST PERIOD. -- THE DIVISION OF LABOR. The fundamental idea, the dominant category, of political economy is VALUE. Value reaches its positive determination by a series of oscillations between supply and demand. Consequently, value appears successively under three aspects: useful value, exchangeable value, and synthetic, or social, value, which is true value. The first term gives birth to the second in contradiction to it, and the two together, absorbing each other in reciprocal penetration, produce the third: so that the contradiction or antagonism of ideas appears as the point of departure of all economic science, allowing us to...
On the appointed day, the students who were to assist me started early in the morning; while I, the philanthropist, only joined them at twelve o'clock. I could not come earlier, as I did not get up till ten, after which I had to take some coffee, and then smoke for the sake of my digestion. Twelve o'clock, then, found me at the door of the Rzhanoff Houses. A policeman showed me a public-house to which the census-clerks referred all those who wished to inquire for them. I entered, and found it very dirty and unsavory. Here, right in front of me, was a counter; to the left a small room, furnished with tables covered with soiled napkins; to the right a large room on pillars, containing similar little tables placed in the windows and along the walls; with men here and there having tea, some very ragged, others well dressed, apparently workmen or small shopkeepers. There were also several women. In spite of the dirt, it was easy to see, by the business air of the man in charge, and the...