System of Economical Contradictions; Or, The Philosophy of MiseryProudhon, P.-J. (Pierre-Joseph)
Philosophy
System of Economical Contradictions; Or, The Philosophy of Misery
Proudhon, P.-J. (Pierre-Joseph)
Economics
Nolens volens, then, the measure of value must be sought for:
logic commands it, and her conclusions are adverse to
economists and socialists alike. The opinion which denies
the existence of this measure is irrational, unreasonable. Say
as often as you please, on the one hand, that political economy
is a science of facts, and that the facts are contrary to the
hypothesis of a determination of value, or, on the other, that
this troublesome question would not present itself in a system of
universal association, which would absorb all antagonism,--I will
reply still, to the right and to the left:--
1. That as no fact is produced which has not its cause, so none
exists which has not its law; and that, if the law of exchange is
not discovered, the fault is, not with the facts, but with the
savants.
2. That, as long as man shall labor in order to live, and shall
labor freely, justice will be the condition of fraternity and the
basis of association; now, without a determination of value,
justice is imperfect, impossible.
% 2.--Constitution of value; definition of wealth.
We know value in its two opposite aspects; we do not know it in
its TOTALITY. If we can acquire this new idea, we shall have
absolute value; and a table of values, such as was called for in
the memoir read to the Academy of Sciences, will be possible.
Let us picture wealth, then, as a mass held by a chemical force
in a permanent state of composition, in which new elements,
continually entering, combine in different proportions, but
according to a certain law: value is the proportional relation
(the measure) in which each of these elements forms a part of the
whole.
From this two things result: one, that the economists have been
wholly deluded when they have looked for the general measure of
value in wheat, specie, rent, etc., and also when, after having
demonstrated that this standard of measure was neither here nor
there, they have concluded that value has neither law nor
measure; the other, that the proportion of values may continually
vary without ceasing on that account to be subject to a law,
whose determination is precisely the solution sought.
This idea of value satisfies, as we shall see, all the
conditions: for it includes at once both the positive and fixed
element in useful value and the variable element in exchangeable
value; in the second place, it puts an end to the contradiction
which seemed an insurmountable obstacle in the way of the
determination of value; further, we shall show that value thus
understood differs entirely from a simple juxtaposition of the
two ideas of useful and exchangeable value, and that it is
endowed with new properties.
Public-domain text, read in full here on John Shaqi.
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