Note 665 — Chapter V · : PROUDHON AND THE SOCIALISM OF 1848

In a pamphlet entitled Organisation du Crédit et de la Circulation, and dated March 31, 1848, he expounds the principle of the scheme and indicates some of its general features. The scheme is dealt with in a number of articles contributed to Le Représentant du Peuple for April, afterwards published in book form by Darimon, under the title of Résumé de la Question sociale. The plan differs slightly from the statutes of the People’s Bank as they appear in vol. vi of the Œuvres, but the guiding principle is much the same. A further exposition was given in Le Peuple in February and March 1849, just when the Bank was being founded. There is still another account contained in the volume entitled Intérêt et Principal: Discussion entre M. Proudhon and M. Bastiat sur l’Intérêt du Capitaux (Paris, 1880). This controversy was carried on in the columns of La Voix du Peuple from October 1849 to October 1850. Proudhon frequently refers to the same idea in his other works, notably in Justice dans la Révolution, vol. i, pp. 289 et seq., and in Idée générale, pp. 197 et seq.