Editing Individualism (section)

==== Mutualism ====
{{main|Mutualism (economic theory)}}

Mutualism is an [[anarchist school of thought]] which can be traced to the writings of [[Pierre-Joseph Proudhon]], who envisioned a socialist society where each person possess a [[means of production]], either individually or collectively, with trade representing equivalent amounts of labor in the [[free market]].<ref>{{Cite web|url=http://www.mutualist.org/|title=Mutualist.Org: Free Market Anti-Capitalism|website=www.mutualist.org}}</ref> Integral to the scheme was the establishment of a mutual-credit bank which would lend to producers at a minimal interest rate only high enough to cover the costs of administration.<ref>Miller, David. 1987. "Mutualism." The Blackwell Encyclopedia of Political Thought. Blackwell Publishing. p. 11</ref> Mutualism is based on a [[labor theory of value]] which holds that when labor or its product is sold, it ought to receive goods or services in exchange embodying "the amount of labor necessary to produce an article of exactly similar and equal utility" and that receiving anything less would be considered exploitation, theft of labor, or [[usury]].<ref>Tandy, Francis D., 1896, ''[[Voluntary Socialism]]'', chapter 6, paragraph 15.</ref>