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Cost The Limit Of Price
"Cost the limit of price" was a maxim coined by Josiah Warren, indicating a (prescriptive) version of the labor theory of value. Warren maintained that the just compensation for labor (or for its product) could only be an equivalent amount of labor (or a product embodying an equivalent amount).In ''Equitable Commerce'', Warren writes, "If a priest is required to get a soul out of purgatory, he sets his price according to the value which the relatives set upon his prayers, instead of their cost to the priest. This, again, is cannibalism. The same amount of labor equally disagreeable, with equal wear and tear, performed by his customers, would be a just remuneration Thus, profit, rent, and interest were considered unjust economic arrangements. As Samuel Edward Konkin III put it, "the labor theory of value recognizes no distinction between profit and plunder."Wendy McElroy,Individualist Anarchism vs. "Libertarianism" and Anarchocommunism" in the ''New Libertarian'', issue #12, Octobe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Josiah Warren
Josiah Warren (; 1798–1874) was an American utopian socialist, American individualist anarchist, individualist philosopher, polymath, social reformer, inventor, musician, printer and author. He is regarded by anarchist historians like James J. Martin and Peter Marshall among others as the first American anarchistPalmer, Brian (2010-12-29What do anarchists want from us?, ''Slate.com'' (although Warren never used the term anarchism himself) and the four-page weekly paper he edited during 1833, ''The Peaceful Revolutionist'', the first anarchist periodical published,William Bailie, ''Josiah Warren: The First American Anarchist – A Sociological Study'', Boston: Small, Maynard & Co., 1906, p. 20 was an enterprise for which he built his own printing press, cast his own type, and made his own printing plates. Life Warren was born June 26, 1798. He moved from Boston to Cincinnati, Ohio, where he worked as a music teacher and orchestra leader. They had two children, Caroline ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Usury
Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a ''loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism (''Loans and interest in Judaism, ribbit'' in He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anarchist Theory
Anarchism is the political philosophy which holds ruling classes and the state to be undesirable, unnecessary and harmful, The following sources cite anarchism as a political philosophy: Slevin, Carl. "Anarchism." ''The Concise Oxford Dictionary of Politics''. Ed. Iain McLean and Alistair McMillan. Oxford University Press, 2003. or alternatively as opposing authority and hierarchical organization in the conduct of human relations. Proponents of anarchism, known as anarchists, advocate stateless societies based on non- hierarchical voluntary associations. However, anarchist schools of thought can differ fundamentally, supporting anything from extreme individualism to complete collectivism to more syncretic tendencies (such as Insurrectionary anarchism). Strains of anarchism have often been divided into the categories of social anarchism and individualist anarchism or similar dual classifications, also including green anarchism and post-left anarchism. Ostergaard, Geoffrey. " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Is Theft
"Property is theft!" (french: La propriété, c'est le vol!) is a slogan coined by French anarchist Pierre-Joseph Proudhon in his 1840 book ''What Is Property? or, An Inquiry into the Principle of Right and of Government''. Overview By "property", Proudhon referred to a concept regarding land property that originated in Roman law: the ''sovereign right of property'', the right of the proprietor to do with his property as he pleases, "to use and abuse," so long as in the end he submits to state-sanctioned title. Proudhon contrasts the supposed right of property with the rights (which he considered valid) of liberty, equality, and security. Proudhon was clear that his opposition to property did not extend to exclusive possession of labor-made wealth. In the ''Confessions d'un révolutionnaire'' Proudhon further explained his use of this phrase: Similar phrases Jacques Pierre Brissot had previously written, in his ''Philosophical Inquiries on the Right of Property'' (''Rec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Credit
"Mutual credit" (sometimes called "multilateral barter" or "credit clearing") is a term mostly used in the field of complementary currencies to describe a common, usually small-scale, endogenous money system. The term implies that creditors and debtors are the same people lending to each other, but there are several nuances. Some think of mutual credit as a type of currency but this can be problematic because no currency or money is 'issued' in the sense that most people would understand it. Cash is very rarely 'issued', accounting normally taking place on a ledger, therefore it could also be called 'ledger money', a money ''system'', accounting for exchange or credit clearing system. The accounting is explained under multilateral exchange. Economics The practice of multilateral exchange can be a mere convenience, but once a common unit of account is agreed, the extent to which members can draw credit limited, a mutual credit system quickly resembles a money system. However, mut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anarchism
Anarchism is a political philosophy and movement that is skeptical of all justifications for authority and seeks to abolish the institutions it claims maintain unnecessary coercion and hierarchy, typically including, though not necessarily limited to, governments, nation states, and capitalism. Anarchism advocates for the replacement of the state with stateless societies or other forms of free associations. As a historically left-wing movement, usually placed on the farthest left of the political spectrum, it is usually described alongside communalism and libertarian Marxism as the libertarian wing (libertarian socialism) of the socialist movement. Humans lived in societies without formal hierarchies long before the establishment of formal states, realms, or empires. With the rise of organised hierarchical bodies, scepticism toward authority also rose. Although traces of anarchist thought are found throughout history, modern anarchism emerged from the Enlightenment. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Encyclopædia Britannica
The (Latin for "British Encyclopædia") is a general knowledge English-language encyclopaedia. It is published by Encyclopædia Britannica, Inc.; the company has existed since the 18th century, although it has changed ownership various times through the centuries. The encyclopaedia is maintained by about 100 full-time editors and more than 4,000 contributors. The 2010 version of the 15th edition, which spans 32 volumes and 32,640 pages, was the last printed edition. Since 2016, it has been published exclusively as an online encyclopaedia. Printed for 244 years, the ''Britannica'' was the longest running in-print encyclopaedia in the English language. It was first published between 1768 and 1771 in the Scottish capital of Edinburgh, as three volumes. The encyclopaedia grew in size: the second edition was 10 volumes, and by its fourth edition (1801–1810) it had expanded to 20 volumes. Its rising stature as a scholarly work helped recruit eminent con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Kropotkin
Pyotr Alexeyevich Kropotkin (; russian: link=no, Пётр Алексе́евич Кропо́ткин ; 9 December 1842 – 8 February 1921) was a Russian anarchist, socialist, revolutionary, historian, scientist, philosopher, and activist who advocated anarcho-communism. Born into an aristocratic land-owning family, Kropotkin attended a military school and later served as an officer in Siberia, where he participated in several geological expeditions. He was imprisoned for his activism in 1874 and managed to escape two years later. He spent the next 41 years in exile in Switzerland, France (where he was imprisoned for almost four years) and England. While in exile, he gave lectures and published widely on anarchism and geography. Kropotkin returned to Russia after the Russian Revolution in 1917, but he was disappointed by the Bolshevik state. Kropotkin was a proponent of a decentralised communist society free from central government and based on voluntary associations of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutualism (economic Theory)
Mutualism is an anarchist school of thought and economic theory that advocates a socialist society based on free markets and usufructs, i.e. occupation and use property norms. One implementation of this system involves the establishment of a mutual-credit bank that would lend to producers at a minimal interest rate, just high enough to cover administration. Mutualism is based on a version of the labor theory of value that it uses as its basis for determining economic value. According to mutualist theory, when a worker sells the product of their labor, they ought to receive money, goods, or services in exchange that are equal in economic value, embodying "the amount of labor necessary to produce an article of exactly similar and equal utility". The product of the worker's labour factors the amount of both mental and physical labour into the price of their product. While mutualism was popularized by the writings of anarchist philosopher Pierre-Joseph Proudhon and is mainly asso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cincinnati Time Store
The Cincinnati Time Store (1827-1830) was the first in a series of retail stores created by American individualist anarchist Josiah Warren to test his economic labor theory of value. The experimental store operated from May 18, 1827 until May 1830. He sold things at-cost plus a small markup for his time. It is usually considered to be the first time alternative currency labor notes were used, and as such the first experiment in what would later be called '' mutualism''. He also founded stores in New Harmony, Indiana and at Modern Times, Long Island. The store in Cincinnati closed in 1830 with Warren being satisfied he demonstrated running and managing a business without the "erection of any power over the individual". His theory replacing money with time was turned into an actual practical demonstration project. It was the first such activity, preceding similar labor notes in Europe by more than 20 years, and still has implications for other concepts of currency such as crypt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any non-fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tribute
A tribute (; from Latin ''tributum'', "contribution") is wealth, often in kind, that a party gives to another as a sign of submission, allegiance or respect. Various ancient states exacted tribute from the rulers of land which the state conquered or otherwise threatened to conquer. In case of alliances, lesser parties may pay tribute to more powerful parties as a sign of allegiance and often in order to finance projects that would benefit both parties. To be called "tribute" a recognition by the payer of political submission to the payee is normally required; the large sums, essentially protection money, paid by the later Roman and Byzantine Empires to barbarian peoples to prevent them attacking imperial territory, would not usually be termed "tribute" as the Empire accepted no inferior political position. Payments ''by'' a superior political entity to an inferior one, made for various purposes, are described by terms including " subsidy". The ancient Persian Achaemenid Empir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
