onal,--competition,
monopoly, the balance of trade, and property, as well as the division
of labor, machinery, taxation, and credit. But, like communism and
population, all these categories are antinomical; all are opposed, not
only to each other, but to themselves. All is opposition, and disorder
is born of this system of opposition. Hence, the sub-title of the
work,--"Philosophy of Misery." No category can be suppressed; the
opposition, antinomy, or contre-tendance, which exists in each of them,
cannot be suppressed.

Where, then, lies the solution of the social problem? Influenced by the
Hegelian ideas, Proudhon began to look for it in a superior synthesis,
which should reconcile the thesis and antithesis. Afterwards, while at
work upon his book on "Justice," he saw that the antinomical terms do
not cancel each other, any more than the opposite poles of an electric
pile destroy each other; that they are the procreative cause of motion,
life, and progress; that the problem is to discover, not their fusion,
which would be death, but their equilibrium,--an equilibrium for ever
unstable, varying with the development of society.

On the cover of the "System of Economical Contradictions," Proudhon
announced, as soon to appear, his "Solution of the Social Problem." This
work, upon which he was engaged when the Revolution of 1848 broke
out, had to be cut up into pamphlets and newspaper articles. The two
pamphlets, which he published in March, 1848, before he became editor
of "Le Representant du Peuple," bear the same title,--"Solution of the
Social Problem." The first, which is mainly a criticism of the early
acts of the provisional government, is notable from the fact that in
it Proudhon, in advance of all others, energetically opposed the
establishment of national workshops. The second, "Organization of
Credit and Circulation," sums up in a few pages his idea of economical
progress: a gradual reduction of interest, profit, rent, taxes, and
wages. All progress hitherto has been made in this manner; in this
manner it must continue to be made. Those workingmen who favor a nominal
increase of wages are, unconsciously following a back-track, opposed to
all their interests.

After having published in "Le Representant du Peuple," the statutes of
the Bank of Exchange,--a bank which was to make no profits, since it
was to have no stockholders, and which, consequently, was to discount
commercial paper with out interest, charging