Abstract
Karl Marx’s The Poverty of Philosophy has played a key role in associating Pierre-Joseph Proudhon with the idea of labour-time money. This article challenges this account by demonstrating that Marx not only failed to prove his assertion but that he also ignored substantial evidence against it. Proudhon’s ‘constituted value’ is explained and linked to other key ideas in System of Economic Contradictions which Marx ignores.[1]
This pamphlet is by the author of the best biography of Bakunin, Bakunin: The Creative Passion, Mark Leier and covers the Marx-Bakunin conflict in the First International.
This is a very interesting and useful work. It takes you back to when Lenin and Trotsky were unknown and how this change as the British left tried to understand developments in the Russian Revolution. Inspired by C.B. Macpherson’s claim that the USSR while not a democratic system of government could be viewed as representing a “Non-Liberal Democracy” as it aimed to eliminate classes, Ian Bullock’s book utilises an impressive amount of primary sources to show “the myth of soviet democracy in the early appeal of the Russian Revolution”. (5) As such, it is should be of interest for libertarian socialists as well as scholars particularly as it is full of interesting facts: for example, the Scottish section of the Independent Labour Party (ILP) voted to join the Communist international and for prohibition at its January 1920 conference. (194-5)