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 3. -- Application of the law of proportionality of values. Every product is a representative of labor. Every product, therefore, can be exchanged for some other, as universal practice proves. But abolish labor, and you have left only articles of greater or less usefulness, which, being stamped with no economic character, no human seal, are without a common measure, -- that is, are logically unexchangeable. Gold and silver, like other articles of merchandise, are representatives of value; they have, therefore, been able to serve as common measures and mediums of exchange. But the special function which custom has allotted to the precious metals, -- that of serving as a commercial agent, -- is purely conventional, and any other article...
By my request I was appointed to make the census of the section of Khamovnitchesky police district, near the Smolensky Market in the Prototchni Lane between the Shore Drive and Nicolsky Lane. In this district are the houses known under the name of Rzhanoff House or Rzhanoff Fortress. In bygone times these houses belonged to the merchant Rzhanoff, and are now the property of the merchants Zeemin. I had long before heard that this was considered the lowest circle of poverty and vise, which was the reason why I asked the officers of the census to assign this district to me. My desire was gratified. Having received the appointment from the Town Council, I went alone, a few days before the census, to inspect my district. With the help of a plan I soon found the Rzhanoff Houses,—approached by a street which terminated on the left-hand side of Nicolsky Lane—a gloomy building without any apparent entrance. From the aspect of this house I guessed it was the one...