Publisher's Synopsis
The Economics of Anarchy: A Study of the Industrial Type is a book written by Dyer Daniel Lum and first published in 1890. The book explores the economic principles and theories of anarchism, particularly in the context of industrial society. Lum argues that anarchism, which advocates for the abolition of government and the establishment of a society based on voluntary cooperation and mutual aid, is the most effective and just economic system. Lum examines the flaws of capitalism, arguing that it leads to inequality, exploitation, and the concentration of wealth and power in the hands of a few. He also critiques socialism, which he believes fails to address the problems of bureaucracy and centralization. Instead, Lum proposes an economic system based on voluntary associations of workers and producers, who would collectively own and manage the means of production. The book is divided into three parts. The first part provides an overview of the principles of anarchism and the historical context in which it emerged. The second part examines the economic principles of anarchism, including the labor theory of value and the concept of free association. The third part explores the practical implications of anarchism, including the organization of production and distribution, the role of education and culture, and the relationship between anarchism and other social movements. Overall, The Economics of Anarchy is a seminal work in the history of anarchist thought and a valuable contribution to the ongoing debate about economic systems and social justice.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.