One of the central aims of anarchism is economic justice. Ideas are plenty, some uniting and some splitting schools, but the central theme is anti-capitalism.
also see: the no market approach
Property and The Case for Economic Democracy
Property and Contract in Economics: The Case for Economic Democracy. This book presents a modern version of the old Labor (or Natural Rights) Theory of Property and of an Inalienable Rights Theory that descends from the Reformation and Enlightenment. Together...
Marxism as a Capitalist Tool
source Cette page sera traduite. Patience ! David Ellerman Abstract Just as the two sides in the Cold War agreed that Western Capitalism and Soviet Communism were “the” two alternatives, so the two sides in the intellectual Great Debate agreed...
Refuting “anarcho”-capitalism by means of “anarcho”-capitalism
One of the strangest things most anarchists become aware of when they go on-line is the existence of self-proclaimed capitalist "anarchists." Mostly based in North America, this ideology claims to be anarchist while, at the same time, vigorously supporting laissez-faire...
The Myths of “Libertarian” economics
source What determines price within capitalism? Both "libertarian" and "anarcho" capitalists support the subjectivist theory of value (STV), as explained by the Austrian School of economics. Economists from this school included Ludwig Von Mises, Frederick Hayek and Murray Rothbard. In...
The new articulation of wages, rent and profit in cognitive capitalism
Carlo Vercellone source Introduction The current transformation of capitalism is characterised by a full-fledged comeback and proliferation of forms of rent paralleled by a complete change in the relationship between wages, rent and profit. Theoretically and politically this evolution...
Labour Defended against the Claims of Capital
Thomas Hodgskin 1825 source Note IN all the debates on the law passed during the late session of Parliament, on account of the combinations of workmen, much stress is laid on the necessity of protecting capital. What capital performs is...
A note on Bastiat and “double inequality”
Shawn Wilbur source 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...
The Economics of Anarchy
Lum's work starts below after Voltarine's comments The Economics of Dyer D. Lum By Voltarine de Cleyre December 7, 1893 If Dyer D. Lum were living I doubt whether the articles of Mr. Black, recently copied by the TWENTIETH CENTURY from the...
Is it Markets and Big Business or is it Markets versus Big Business?
Virgil Henry Storr (May 2003) source Some thoughts on globalization and the free market. Anti-globalization has evolved into a veritable religion, a religion that’s quite catholic in its aspirations. Parishioners of the church of anti-NAFTA, the church of anti-WTO, are...
Sprachkritik: “Privatization”
Charles Johnson source Left libertarians, like all libertarians, believe that all State control of industry and all State ownership of natural resources should be abolished. In that sense, libertarian Leftists advocate complete and absolute privatization of, well, everything. Governments, or...
Top Ten Lies and Mistakes of Austrian Economics
Anthony Migchels source also see this page In the face of Austrian Economics’ ongoing onslaught through Ron Paul, the Mises Institute and Gold Dealers parading as the ‘Alternative Media’, we present the next installment in our series of articles exposing...
The Inflation vs. Deflation Dialectic
Anthony Migchels source After decades of inflation and fears of Ben ‘Helicopter’ Bernanke induced hyperinflation it is probably not surprising that a wearying public is starting to wonder whether deflation would be the lesser evil. But not only is deflation...
Inflation and Unemployment
HANS SENNHOLZ source There are many great truths which we do not question every day; we accept them as a measure of knowledge, translate them into action, and pay homage to them by using them. For centuries economists accepted...
Small Enough to Fail
Charles Johnson source Fed Chairman Ben Bernanke announced Sunday night Wall Street’s largest investment banks could borrow directly from the Fed just as commercial banks do now — and use questionable collateral, such as mortgage-backed securities, to boot. Many critics...
Income inequality leads to slower economic growth
Reuters Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study (PDF) released on Wednesday. Although...
Capitalism vs. The Market – A Braudelian Definition
source “Need I comment that these capitalists, both in Islam and in Christendom, were friends of the prince and helpers or exploiters of the state? […]” “Thus, the modern state, which did not create capitalism but only inherited it, sometimes...
Free Trade is Fair Trade
An Anarchist Look at World Trade Boston Anarchist Drinking Brigade source Many of those who oppose the World Trade Organization (WTO) advocate something they call “fair trade,” in contrast to the “free trade” the WTO advocates. In fact, the kind...
Capitalization of Labor
The Marvel of Modern Finance Since the abolition of slavery, humans ownership has been banned. People are no longer allowed to sell their labor by the lifetime. Instead they must rent themselves temporarily for a salary or wage. As Paul...
Wall Street Couldn’t Have Done It Alone
source by Sheldon Richman The spreading Occupy Wall Street movement, despite a vague worldview and agenda, properly senses that something is dreadfully wrong in America. The protesters vent their anger at the big financial institutions in New York’s money district...
The Labor Theory of Property
source Is Labor Peculiar? David Ellerman It is remarkable that the human science of “Economics” has not been able to find or recognize any fundamental difference between the actions of human beings (i.e., “labor”) and the services of things....