The Impossibilities of Anarchism

The full economic detail of Individualist Anarchism may be inferred with sufficient completeness from an article entitled "State Socialism and Anarchism: how far they agree, and wherein they differ," which appeared in March, 1888, in _Liberty_, an Anarchist journal published in Boston, Mass., and edited by the author of the article, Mr. Benjamin R. Tucker. An examination of any number of this journal will shew that as a candid, clear-headed, and courageous demonstrator of Individualist Anarchism by purely intellectual methods, Mr. Tucker may safely be accepted as one of the most capable spokesmen of his party.

"The economic principles of Modern Socialism," says Mr. Tucker, "are a logical deduction from the principle laid down by Adam Smith in the early chapters of his _Wealth of Nations_ -- namely, that labor is the true measure of price. From this principle, these three men [Josiah Warren, Proudhon and Marx] deduced 'that the natural wage of labor is its product."