Parsons, Albert Richard. Anarchism: Its Philosophy and Scientific Basis as defined by some of its apostles. Chicago, Mrs. A. R. Parsons [c1887]. Part I. CHAPTER II. CAPITALISM--ITS DEVELOPMENT IN THE UNITED STATES. --CONTINUED. With the termination of the war of 1861 began the second epoch of capitalism in the United States. The ex-chattel slave was enfranchised,--made a political sovereign. He was now a "freeman" without an inch of soil, a cent of money, a stitch of clothes or a morsel of food. He was free to compete with his fellow wage-worker for an opportunity to serve capital. The conditions of his freedom consisted in the right to work on the terms dictated by his employer, or--starve. There no longer existed any sectional conflicts or other conflicts of a disturbing political nature. All men were now "free and equal before the law." A period of unprecedented activity in capitalistic circles...
The Sole Factors and Exact Ratios in its Acquirement and Apportionment. In proceeding toward any given point, there is always one line which is shortest—THE STRAIGHT: so, in the conduct of human affairs, there is always one course which is best—THE JUST. BY J. K. 1 N C A L L S. 12mo, 320pp., large type, good paper, silk cloth, $1. CONTENTs.-Economic Schools—A Brief Review of their Qrigin and Growth; Rise and Growth of Capitalism; Unearned Increase—Profit; Interest, Rent; Conservation of Wealth; Tools and Improved Machinery; The Nature of Wages; Pri: Yate and Social Wealth ; Land Ownership; Private Property in Land; Capital and the Productive Factors; Partnership and Cooperation; Law of Contracts; Money and Credit; Of... (From : Google Books.)
Shall the Transfer Papers Be Taxed? [Liberty, August 18, 1888.] To the Editor of Liberty(67 ¶ 1) During the past six months I have read your paper searchingly, and greatly admire it in many respects, but as yet do not grasp your theory of interest. Can you give space for a few words to show from your standpoint the fallacy in the following ideas?(67 ¶ 2) Interest I understand to be a payment, not for money, but for capital which the money represents; that is, for the use of the accumulated wealth of the race. As that is limited, while human wants are infinite, it would appear that there will always be a demand for more than exists. T...
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library 1. -- Opposition between FACT and RIGHT in social economy. I AFFIRM the REALITY of an economic science. This proposition, which few economists now dare to question, is the boldest, perhaps, that a philosopher ever maintained; and the inquiries to follow will prove, I hope, that its demonstration will one day be deemed the greatest effort of the human mind. I affirm, on the other hand, the absolute certainty as well as the progressive nature of economic science, of all the sciences in my opinion the most comprehensive, the purest, the best supported by facts: a new proposition, which alters this science into logic or metaphysics in concreto, and radically changes the basis of ancient philosophy. In other words,...