Anarchism and Mutualism

As has been previously discussed, the Modern concept of Citizen-Sovereign Contract is grounded in the mutual consent of citizens.  Now, the concept of mutuality is of especial significance to Proudhon, because he conceives the Economic system that is suitable to his variety of Anarchism to be what he calls Mutualism. The fundamental element of Mutualism is freely-engaged equitable exchange, thereby, according to some analysts, combining free-market Capitalism with exploitation-free Socialism.  It also implicitly repudiates the profit-seeking Ethical Egoism that is the psychological basis of Smith's system.