exchange

Contr'un

Notes on Mutualism and the Problem(?) of Exchange

January 18, 2019 Shawn P. Wilbur
There is a criticism that mutualists frequently hear from communists—and we might say it dates back to the 1850s and Joseph Déjacque—that mutualism makes no fundamental break with capitalism because, among the various economic arrangements open to mutualists, we find some that involve some kind of exchange. In a social media discussion this week, the accusation took the form of a claim that “still inherently capitalist.” When it became clear that the would-be critic didn’t know much about any of the varieties of mutualism, the further claim was made that there was, in fact, no need to know anything about […]
Anarchist Beginnings

Joseph Déjacque, on “Exchange” (1858)

December 30, 2011 Shawn P. Wilbur
[one_third padding=”0 10px 0 0px”][/one_third][two_third_last padding=”0 0px 0 10px”] EXCHANGE Joseph Déjacque (from Le Libertaire, No. 6, September 21, 1858) “Be then frankly an entire anarchist and not a quarter anarchist, an eighth anarchist, or one-sixteenth anarchist, as one is a one-fourth, one-eighth or one-sixteenth partner in trade. Go beyond the abolition of contract to the abolition not only of the sword and of capital, but also of property and of authority in all its forms. Then you will have arrived at the anarchist community; that is to say, the social state where each one is free to produce or […]
Contr'un

A note on Bastiat and “double inequality”

January 14, 2011 Shawn P. Wilbur
Sheldon Richman recently posted an interesting piece on “The Importance of Subjectivism in Economics: The double inequality of value,” over at The Freeman. In it, while praising Bastiat, he wants to supplement Bastiat’s account of the benefits of a market economy with “the subjectivist Austrian insight that individuals gain from trade per se.” For an exchange to take place, the two parties must assess the items traded differently, with each party valuing what he is to receive more than what he is to give up. If that condition did not hold, no exchange would occur. There must be what Murray […]