God and the State by Michael Bakunin WITH A PREFACE BY CARLO CAFIERO AND ELISÉE RECLUS First American Edition Price 50 Cents MOTHER EARTH PUBLISHING ASSOCIATION 10 East 125th Street New York City Preface to the First French Edition One of us is soon to tell in all its details the story of the life of Michael Bakunin, but its general features are already sufficiently familiar. Friends and enemies know that this man was great in thought, will, persistent energy; they know also with what lofty contempt he looked down upon wealth, rank, glory, all the wretched ambitions which most human beings are base enough to entertain. A Russian gentleman related by marriage to the highest nobility of the empire, he was one of the first to enter that... (From : Anarchy Archives (The text is from Michael Bakunin....)
Necessity for a Standard of Value Excerpted from the book; Individual Liberty: Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. In the early 90's, the Galveston News had on its staff an exceptionally able and clear-thinking editorial writer. Liberty frequently reprinted his editorials. Concerning one on "The Functions of Money" Mr. Tucker wrote the following article for the News: I entirely sympathize with your disposal of the Evening Post's attempt to belittle the function of money as a medium of exchange; but do you go far enough when you content yourself with saying that a standard of value is highly desirable? Is it not absolutely necessary? Is money possible without it? If no standard is definitely adopted, and then if paper money is iss...
The Position of William. [Liberty, October 13, 1888.] John Ruskin, in the first of his Fors Clavigera series of letters to British workmen, opened what he had to say about interest by picturing what he called the position of William. Bastiat, the French economist, had tried to show the nature of capital and interest by a little story, in which a carpenter named James made a plane in order to increase his productive power, but, having made it, was induced by a fellow-carpenter named William to lend it to him for a year in consideration of receiving a new plank at the end of that time besides a plank for the use of it. Having fulfilled these conditions at the end of the first year, William borrowed the plane again on the same terms at...