We know that the grand discovery of M. Proudhon is, that everything is at once true and false, good and bad, legitimate and illegitimate, that there exits no principle which is not self-contradictory, and that contradiction lurks not only in erroneous theories, but in the very essence of things,—“it is the pure expression of necessity, the peculiar law of existence,” etc.; so that it is inevitable, and would be incurable, rationally, but for ‹progression›, and, practically, but for the ‹Banque du Peuple›. Nature is a contradiction, liberty a contradiction, competition a contradiction, property a contradiction,—value, credit, monopoly, community, all contradictions. When M. Proudhon achieved this wonderful discovery his heart must have leaped for joy; for since contradiction is everywhere and in everything, he can never want something to gainsay, which for him is the supreme good. He said to me one day, “I should rather like to go to heaven, but I [p189] fear that everybody there will be of one mind, and I should find nobody to argue with.” We must confess that the subject of Value gave him an excellent opportunity of indulging his taste. But, with great deference to him, the contradictions and paradoxes to which the word Value has given rise are to be found in the false theories which have been constructed, and not at all, as he would have us believe, in the nature of things. Theorists have set out, in the first instance, by confounding Value with Utility,—that is to say, evil with good; for utility is the desired result, and value springs from the obstacle which is interposed between the desire and the result. This was their first error, and, when they perceived the consequences of it, they thought to obviate the difficulty by imagining a distinction between value in use and value in exchange—an unwieldy tautology, which had the great fault of attaching the same word—Value—to two opposite phenomena. But if, putting aside these subtilties, we adhere strictly to facts, what do we perceive? Nothing, assuredly, but what is quite natural and consistent. A man, we shall suppose, works exclusively for himself. If he acquire skill, if his force and intelligence are developed, if nature becomes more liberal, or if he learns how to make nature co-operate better in his work, he obtains ‹more wealth with less trouble›. Where is the contradiction, and what is there in this to excite so much wonder?