ABSTRACT
The first, writing under the pseudonym of Aristarchus penned a work entitled Internal Free Trade and Capitalists' Trades' Unions, which was published in 1842 while the second, under the nom de plume of M. Justitia published The Relative Rights and Interests of the Employer and Employed in 1855. There were, however, in the mid-century period, a small number of writers whose decentralised socialism involved a more complete acceptance of the market and a more determined effort to make communitarian socialism more responsive to market imperatives. In contrast to Robert Owen, Aristarchus' idea was that each community would specialise in the production of a particular commodity. An economic system based on such companies, John Frearson believed, would have all the advantages of competition and co-operation. What Frearson looked to was a refurbished market economy where socialised joint stock companies would be the primary unit of production and where labour would receive its full value.
