Editor's Note and Foreword 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. PUBLISHER'S NOTE C.L.S., the editor and compiler of this book, has known Benjamin R. Tucker personally since 1891, having entered his employ at that time in the mechanical department of Liberty, Mr. Tucker's journal for the exposition of Individualist Anarchism. After that time and until the final suspension of publication of Liberty, C.L.S. contributed many articles to the columns of that periodical, both signed and unsigned, usually in the editorial department. For a considerable period he had complete editorial charge, during Mr. Tucker's absence. Thus the present work has been performed by one who has entire familiarity with Liberty's philosoph...
A Discussion, from an Individualist Correspondent
I shall endeavor in this communication to make as clear as possible the Anarchist view regarding Property. I may start by saying that an Anarchist is a consistent, an all round, Individualist, one who believes that the faith in the divine power of governments to save humanity is nothing but the crudest superstition, which our State Socialist friends ought to be ashamed to perpetuate in people's minds. The Anarchist contends that if the people cannot emancipate themselves then their case is hopeless, and further that their present misery is due to nothing else than the foolish delegation of functions to governing bodies which State Socialists would perpetuate and extend. An Anarchist is a democratic Individualist. He agrees with the Liberty ... (From : AnarchyArchives.)
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal The Origin of Ground Rent I said before that in ancient times the landed proprietor, when neither he nor his family farmed his land, as was the case among the Romans in the early days of the Republic, cultivated it through his slaves: such was the general practice of patrician families. Then slavery and the soil were chained together; the farmer was called adscrpitus gleboe, joined to the land; property in men and things was undivided. The price of a farm depended upon its area and quality of its soil, upon the quantity of stock, and upon the number of slaves. When the emancipation... (From : Anarchy Archives.)
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal The Circulation of Capital, Not Capital Itself, Gives Birth to Progress Thus it is with interest on capital, legitimate when a loan was a service rendered by citizen to citizen, but which ceases to be so when society has acquired the power to organize credit gratuitously for everybody. This interest, I say, is contradictory in its nature, in that, on the one hand, the service rendered by the lender is entitled to remuneration, and that, on the other, all wages suppose either a production or a sacrifice, which is not the case with a loan. The revolution which is effected in the legi... (From : Anarchy Archives.)
Lysander Spooner, Poverty: Its Illegal Causes and Legal Cures. Boston: Bela Marsh, No. 25 Cornhill. 1846. CHAPTER 3: ECONOMICAL RESULTS FROM THE PRECEDING PROPOSITIONS The last four of the preceding propositions assert the following principles, to wit: 1. The right of the parties to contracts to make their own bargains in regard to the rate of interest. 2. The right of free competition in the business of banking. 3. That the legal obligation of a debt, with specific exceptions, is extinguished by the debtor's making payment to the extent of his means, when the debt becomes due. 4. That the several creditors of the same debtor hold successive liens upon his property, for the full amount of their debts, in the order in which their debts res...
Saverio Merlino sees, according to us, the decomposition and agony of the anarchist movement in the conflict between the individualist and the organizers on the ground of immediate action and in the intimate contradiction particular to the two streams of thought: those, the organizers are not able to find a compatible organization with the anarchist principles: those, the individualists, miss the concept of retaliation which was the spirit of anarchist action. They cant find a better way to act and they are not able to sustain an organization that they deny. That these organizers cant find some form of organization compatible with the anarchist principles is perfectly natural and logical: and this, its ar... (From : Anarchy Archives.)
An Inquiry into the Principle of Right and of GovernmentP. J. Proudhon: His Life and His Works. The correspondence of P. J. Proudhon, the first volumes of which we publish to-day, has been collected since his death by the faithful and intelligent labors of his daughter, aided by a few friends. It was incomplete when submitted to Sainte Beuve, but the portion with which the illustrious academician became acquainted was sufficient to allow him to estimate it as a whole with that soundness of judgment which characterized him as a literary critic. In an important work, which his habitual readers certainly have not forgotten, although death did not allow him to finish it, Sainte Beuve thus judges the correspondence of the great publicist: — “The letters of Proudhon, even outside the circle of his particular friends, will always be of value; we can always learn something from them, and here is the proper place to determine the general character of his correspondence.