Value and an Invariable Unit of Value (Classic Reprint)

Excerpt from Value and an Invariable Unit of Value<br><br>"Of all the economic contradictions, value is that which, dominating the others and summing them up, holds, in a sense, the sceptre of society: I had almost said of the moral world. Until value... arrives at its constitution, thine and mine remain fixed arbitrarily; the conditions of fortune are the effect of chance; property rests on a precarious title; everything in social economy is provisional.<br><br>"What should social, intelligent, and free beings have learned from this uncertainty of value To make amicable regulation that should protect labor and guarantee exchange and cheapness. What a happy opportunity for all to make up, by honesty, disinterestedness, and tenderness of heart, for the ignorance of the objective laws of the just and the unjust. Instead of that, commerce has everywhere become, by spontaneous effort and unanimous consent, an uncertain operation, a venturesome enterprise, a lottery, and often a deceitful and fraudulent speculation."<br><br>(Proudhon's "System of Economical Contradictions," page 421.)<br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com<br><br>This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.