Anarchism
Practical application of the cost principle in Massachusetts, 1863
Lots of material on Josiah Warren and equitable commerce has surfaced in the Boston Investigator, while I’ve been looking for material by Lewis Masquerier. This is a particularly interesting account of an equity store being opened in Massachusetts in 1863. The note at the end might go some distance in clarifying the terms under which at least some of the Warren-inspired businesses actually traded with suppliers. Some critics have fixated on the labor note and “corn standard” as the central points of Warren’s scheme, which, I think, confuses two projects: the implementation of the “cost principle” and “labor for labor […]