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Libertarian economic thought and non-capitalist money

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  • Simon Papaud

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

In this paper, I study the relation between the economic thought of Pierre-Joseph Proudhon and his claimed heir Silvio Gesell. I argue that their socialism can be described as a « Monetary Analysis Socialism »: both authors place the monetary institution at the very heart of their economic analysis and consider a profound transformation of the rules that govern that institution as a necessary preliminary to the advent of socialism. Their efforts to conceive non-capitalist monetary systems aren't, I argue, a fortuitous trait of libertarian thought : the will to think a coordination for individual action that does not involve central coordination makes the monetary system a central object for libertarian political thought, and the design of this institution a crucial political issue.

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  • Simon Papaud, 2022. "Libertarian economic thought and non-capitalist money," Working Papers hal-04084725, HAL.
    • Handle: RePEc:hal:wpaper:hal-04084725
    Note: View the original document on HAL open archive server: https://u-picardie.hal.science/hal-04084725
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    References listed on IDEAS

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    5. Patalano, Rosario, 2017. "The Gesell Connection During The Great Depression," Journal of the History of Economic Thought, Cambridge University Press, vol. 39(3), pages 349-379, September.
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    Keywords

    Monetary Analysis; Non-capitalist Money; Proudhon; Gesell; Anarchism;
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