2551:, which states that the quantity of money multiplied by its velocity of circulation equals total purchasing power. Douglas was quite critical of this theory stating, "The velocity of the circulation of money in the ordinary sense of the phrase, is – if I may put it that way – a complete myth. No additional purchasing power at all is created by the velocity of the circulation of money. The rate of transfer from hand-to-hand, as you might say, of goods is increased, of course, by the rate of spending, but no more costs can be canceled by one unit of purchasing power than one unit of cost. Every time a unit of purchasing power passes through the costing system it creates a cost, and when it comes back again to the same costing system by the buying and transfer of the unit of production to the consuming system it may be cancelled, but that process is quite irrespective of what is called the velocity of money, so the categorical answer is that I do not take any account of the velocity of money in that sense." The Alberta Social Credit government published in a committee report what was perceived as an error in regards to this theory: "The fallacy in the theory lies in the incorrect assumption that money 'circulates', whereas it is issued against production, and withdrawn as purchasing power as the goods are bought for consumption."
2103:
rate of overhead charges in production due to the replacement of labour by capital in industry combined with a policy of full employment. Douglas did not suggest that inflation cannot be caused by too much money chasing too few consumer goods, but according to his analysis this is not the only cause of inflation, and inflation is systemic according to the rules of cost accountancy given overhead charges are constantly increasing relative to income. In other words, inflation can exist even if consumers have insufficient purchasing power to buy back all of production. Douglas claimed that there were two limits which governed prices, a lower limit governed by the cost of production, and an upper limit governed by what an article will fetch on the open market. Douglas suggested that this is the reason why deflation is regarded as a problem in orthodox economics because bankers and businessmen were very apt to forget the lower limit of prices.
3154:. Douglas did not believe that religion should be mandated by law or external compulsion. Practical Christian society is Trinitarian in structure, based upon a constitution where the constitution is an organism changing in relation to our knowledge of the nature of the universe. "The progress of human society is best measured by the extent of its creative ability. Imbued with a number of natural gifts, notably reason, memory, understanding and free will, man has learned gradually to master the secrets of nature, and to build for himself a world wherein lie the potentialities of peace, security, liberty and abundance." Douglas said that social crediters want to build a new civilization based upon absolute economic security for the individual – where "they shall sit every man under his vine and under his
1664:
goods and services, i.e., payment for work in progress. In other words, if production stops, distribution stops, and, as a consequence, a clear incentive exists to produce useless or superfluous articles in order that useful commodities already existing may be distributed. This perfectly simple reason is the explanation of the increasing necessity of what has come to be called economic sabotage; the colossal waste of effort which goes on in every walk of life quite unobserved by the majority of people because they are so familiar with it; a waste which yet so over-taxed the ingenuity of society to extend it that the climax of war only occurred in the moment when a culminating exhibition of organised sabotage was necessary to preserve the system from spontaneous combustion.
1689:
with the least amount of effort, then the ability to deliver goods and services with the least amount of employment is actually desirable. Douglas proposed that unemployment is a logical consequence of machines replacing labour in the productive process, and any attempt to reverse this process through policies designed to attain full employment directly sabotages our cultural inheritance. Douglas also believed that the people displaced from the industrial system through the process of mechanization should still have the ability to consume the fruits of the system, because he suggested that we are all inheritors of the cultural inheritance, and his proposal for a national dividend is directly related to this belief.
2530:
manufacture, all of these incomes would have to be saved until the product's completion. Douglas argued that incomes are typically spent on past production to meet the present needs of living, and will not be available to purchase goods completed in the future – goods which must include the sum of incomes paid out during their period of manufacture in their price. Consequently, this does not liquidate the financial cost of production inasmuch as it merely passes charges of one accountancy period on as mounting charges against future periods. In other words, according to
Douglas, supply does not create enough demand to liquidate all the costs of production. Douglas denied the validity of
1766:' – and there is something we call a price opposite to it." Money is effective demand, and the means of reclaiming that money are prices and taxes. As real capital replaces labour in the process of modernization, money should become increasingly an instrument of distribution. The idea that money is a medium of exchange is related to the belief that all wealth is created by the current labour of the world, and Douglas clearly rejected this belief, stating that the cultural inheritance of society is the primary factor in the creation of wealth, which makes money a distribution mechanism, not a medium of exchange.
1893:
1839:
1805:
2505:
corresponding costs of factories producing capital equipment. The money distributed to individuals is A1+A2 and the cost of the final consumable goods is A1+B1. If money in the hands of the public is to be equal to the costs of consumable articles produced then A1+A2 = A1+B1 and therefore A2=B1. Now modern science has brought us to the stage where machines are more and more taking the place of human labour in producing goods, i.e. A1 is becoming less important relatively to B1 and A2 less important relatively to B2.
3680:
2578:
individual voter must be made individually responsible, not collectively taxable, for his vote." Douglas believed that party politics should be replaced by a "union of electors" in which the only role of an elected official would be to implement the popular will. Douglas believed that the implementation of such a system was necessary as otherwise the government would be controlled by international financiers. Douglas also opposed the
906:
1999:
intermediate product of no use to individuals but only to a subsequent manufacture; but since A will not purchase A+B; a proportion of the product at least equivalent to B must be distributed by a form of purchasing-power which is not comprised in the description grouped under A. It will be necessary at a later stage to show that this additional purchasing power is provided by loan credit (bank overdrafts) or export credit.
3694:
838:
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2048:
instance, on a railway which was constructed a year, two years, three years, five or ten years ago, where charges are still extant), cannot be liquidated by a stream of purchasing power which does not increase in volume and which has a period of three weeks. The consequence is, you have a piling up of debt, you have in many cases a diminution of purchasing power being equivalent to the price of the goods for sale.
2069:. The former represents excessive capital production and/or military build-up. Military buildup necessitates either the violent use of weapons or a superfluous accumulation of them. Douglas believed that excessive capital production is only a temporary correction, because the cost of the capital appears in the cost of consumer goods, or taxes, which will further exacerbate future gaps between income and prices.
3143:, and is therefore incompatible with any variant of the doctrine of salvation through works. Works need not be of Purity in intent or of desirable consequence and in themselves alone are as "filthy rags". For instance, the present system makes destructive, obscenely wasteful wars a virtual certainty – which provides much "work" for everyone. Social credit has been called the Third Alternative to the futile
3180:– "the Devil is God upside down." Social credit is designed to give the individual the maximum freedom allowable given the need for association in economic, political and social matters. Social Credit elevates the importance of the individual and holds that all institutions exist to serve the individual – that the State exists to serve its citizens, not that individuals exist to serve the State.
3125:(to "bind back"), was intended to be a binding back to reality. Social Credit is concerned with the incarnation of Christian principles in our organic affairs. Specifically, it is concerned with the principles of association and how to maximize the increments of association which redound to satisfaction of the individual in society – while minimizing any decrements of association.
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organizations," they will not necessarily be lost to the flow of available purchasing power. A and B payments overlap through time. Even if the B payments are received and spent before the finished product is available for purchase, current purchasing power will be boosted by B payments received in the current production of goods that will be available for purchase in the future."
1966:
from the calm assumption of the book-keeper and the accountant that he and he alone was in a position to assign positive or negative values to the quantities represented by his figures is one of the outstanding curiosities of the industrial system; and the attempt to mould the activities of a great empire on such a basis is surely the final condemnation of an out-worn method.
1701:, whereas the modern economy is a monetary one. Initially, money originated from the productive system, when cattle owners punched leather discs which represented a head of cattle. These discs could then be exchanged for corn, and the corn producers could then exchange the disc for a head of cattle at a later date. The word "pecuniary" comes from the Latin
2801:, where he suggested: "That we are living under a system of accountancy which renders the delivery of the nation's goods and services to itself a technical impossibility." He later formalized this observation in his A+B theorem. Douglas proposed to eliminate this difference between total prices and total incomes by augmenting consumers'
2445:
2618:
deliver policy results desired by the populace. According to
Douglas, "the proper function of Parliament is to force all activities of a public nature to be carried on so that the individuals who comprise the public may derive the maximum benefit from them. Once the idea is grasped, the criminal absurdity of the
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sculptor producing a work of art with the aid of simple tools and a block of marble has next to no overhead charges, but a very low rate of production, while a modern screw-making plant using automatic machines may have very high overhead charges and very low direct labour cost, or high rates of production.
3191:
philosophy. "The tendency to argue from the particular to the general is a special case of the sequence from materialism to collectivism. If the universe is reduced to molecules, ultimately we can dispense with a catalogue and a dictionary; all things are the same thing, and all words are just sounds
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Thus the problem of providing that new capital-investment shall always outrun capital-disinvestment sufficiently to fill the gap between net income and consumption, presents a problem which is increasingly difficult as capital increases. New capital-investment can only take place in excess of current
2537:
While John
Maynard Keynes referred to Douglas as a "private, perhaps, but not a major in the brave army of heretics", he did state that Douglas "is entitled to claim, as against some of his orthodox adversaries, that he at least has not been wholly oblivious of the outstanding problem of our economic
2475:
For example, if the money cost of a good is $ 100, and the ratio of consumption to production is 3/4, then the real cost of the good is $ 100(3/4) = $ 75. As a result, if a consumer spent $ 100 for a good, the
National Credit Authority would rebate the consumer $ 25. The good costs the consumer $ 75,
2030:
In 1932, Douglas estimated the cyclic rate of circulation of money to be approximately three weeks. The cyclic rate of circulation of money measures the amount of time required for a loan to pass through the productive system and return to the bank. This can be calculated by determining the amount of
1761:
Douglas believed that money should not be regarded as a commodity but rather as a ticket, a means of distribution of production. "There are two sides to this question of a ticket representing something that we can call, if we like, a value. There is the ticket itself – the money which forms the thing
2520:
Thus in order that the economic system should keep working it is essential that capital goods should be produced in ever increasing quantity relatively to consumable goods. As soon as the ratio of capital goods to consumable goods slackens, costs exceed money distributed, i.e. the consumer is unable
2471:
Based on his conclusion that the real cost of production is less than the financial cost of production, the
Douglas price rebate (Compensated Price) is determined by the ratio of consumption to production. Since consumption over a period of time is typically less than production over the same period
2467:
Since fewer inputs are consumed to produce a unit of output with every improvement in process, the real cost of production falls over time. As a result, prices should also decrease with the progression of time. "As society's capacity to deliver goods and services is increased by the use of plant and
2102:
demonstrates, inflation and unemployment are trade-offs, unless prices are reduced from monies derived from outside the productive system. According to
Douglas's A+B theorem, the systemic problem of increasing prices, or inflation, is not "too much money chasing too few goods", but is the increasing
1978:
A factory or other productive organization has, besides its economic function as a producer of goods, a financial aspect – it may be regarded on the one hand as a device for the distribution of purchasing-power to individuals through the media of wages, salaries, and dividends; and on the other hand
1688:
Douglas believed that it was the third policy alternative upon which an economic system should be based, but confusion of thought has allowed the industrial system to be governed by the first two objectives. If the purpose of our economic system is to deliver the maximum amount of goods and services
1658:
By modern methods of accounting, the consumer is forced to pay for all the costs of production, including waste. The economic effect of charging the consumer with all waste in industry is that the consumer is forced to do much more work than is necessary. Douglas believed that wasted effort could be
3004:
Gesell's theory was that the trouble with the world was that people saved money so that what you had to do was to make them spend it faster. Disappearing money is the heaviest form of continuous taxation ever devised. The theory behind this idea of Gesell's was that what is required is to stimulate
2111:
Douglas proposed to eliminate the gap between purchasing power and prices by increasing consumer purchasing power with credits which do not appear in prices in the form of a price rebate and a dividend. Formally called a "Compensated Price" and a "National (or
Consumer) Dividend", a National Credit
2073:
In the first place, these capital goods have to be sold to someone. They form a reservoir of forced exports. They must, as intermediate products, enter somehow into the price of subsequent ultimate products and they produce a position of most unstable equilibrium, since the life of capital goods is
2047:
Now we know there are an increasing number of charges which originated from a period much anterior to three weeks, and included in those charges, as a matter of fact, are most of the charges made in, respect of purchases from one organization to another, but all such charges as capital charges (for
2025:
I think that a little consideration will make it clear that in this sense an overhead charge is any charge in respect of which the actual distributed purchasing power does not still exist, and that practically this means any charge created at a further distance in the past than the period of cyclic
1998:
Now the rate of flow of purchasing-power to individuals is represented by A, but since all payments go into prices, the rate of flow of prices cannot be less than A+B. The product of any factory may be considered as something which the public ought to be able to buy, although in many cases it is an
1965:
It is not the purpose of this short article to depreciate the services of accountants; in fact, under the existing conditions probably no body of men has done more to crystallise the data on which we carry on the business of the world; but the utter confusion of thought which has undoubtedly arisen
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The economic effect of charging all the waste in industry to the consumer so curtails his purchasing power that an increasing percentage of the product of industry must be exported. The effect of this on the worker is that he has to do many times the amount of work which should be necessary to keep
2613:
for the last two thousand years has been
Trinitarian. Whether we look on this Trinitarianism under the names of King, Lords and Commons or as Policy, Sanctions and Administration, the Trinity-in-Unity has existed, and our national success has been greatest when the balance (never perfect) has been
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democracy is incompatible with Social Credit, which assumes the right of individuals to choose freely one choice at a time, and to contract out of unsatisfactory associations. Douglas advocated what he called the "responsible vote", where anonymity in the voting process would no longer exist. "The
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C.H. Douglas defined democracy as the "will of the people", not rule by the majority, suggesting that social credit could be implemented by any political party supported by effective public demand. Once implemented to achieve a realistic integration of means and ends, party politics would cease to
2525:
And in a reply to Dr. Hobson, Douglas restated his central thesis: "To reiterate categorically, the theorem criticised by Mr. Hobson: the wages, salaries and dividends distributed during a given period do not, and cannot, buy the production of that period; that production can only be bought, i.e.,
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argue there is no difference between A and B payments. Other critics, such as Gary North, argue that social credit policies are inflationary. "The A + B theorem has met with almost universal rejection from academic economists on the grounds that, although B payments may be made initially to "other
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What people who say that forget is that we were piling up debt at that time at the rate of ten millions sterling a day and if it can be shown, and it can be shown, that we are increasing debt continuously by normal operation of the banking system and the financial system at the present time, then
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The factory cost – not the selling price – of any article under our present industrial and financial system is made up of three main divisions-direct labor cost, material cost and overhead charges, the ratio of which varies widely, with the "modernity" of the method of production. For instance, a
1663:
But it may be advisable to glance at some of the proximate causes operating to reduce the return for effort; and to realise the origin of most of the specific instances, it must be borne in mind that the existing economic system distributes goods and services through the same agency which induces
2726:
The writings of C. H. Douglas spawned a worldwide movement, most prominent in the
British Commonwealth, with a presence in Europe and activities in the United States where Orage, during his sojourn there, promoted Douglas's ideas. In the United States, the New Democracy group was directed by the
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Opposing the formation of Social Credit parties, C.H. Douglas believed a group of elected amateurs should never direct a group of competent experts in technical matters. While experts are ultimately responsible for achieving results, the goal of politicians should be to pressure those experts to
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If overhead charges are constantly increasing relative to income, any attempt to stabilize or increase income results in increasing prices. If income is constant or increasing, and overhead charges are continuously increasing due to technological advancement, then prices, which equal income plus
1746:
splits production into multiple processes, and wealth is produced by people working in association with each other. For instance, an automobile worker does not produce any wealth (i.e., the automobile) by himself, but only in conjunction with other auto workers, the producers of roads, gasoline,
1638:
Closely associated with the concept of cultural inheritance as a factor of production is the social credit theory of economic sabotage. While
Douglas believed the cultural heritage factor of production is primary in increasing wealth, he also believed that economic sabotage is the primary factor
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provincial government in Alberta, but the UFA saw only difficulties in trying to bring in Social Credit. Douglas became an advisor to Aberhart, but withdrew after a short time and never visited Alberta after 1935 due to strategic differences. Aberhart sought orthodox counsel with respect to the
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Since increased industrial output per individual depends mainly on tools and method, it may almost be stated as a law that intensified production means a progressively higher ratio of overhead charges to direct labour cost, and, apart from artificial reasons, this is simply an indication of the
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Social credit society recognizes the fact that the relationship between man and God is unique. In this view, it is essential to allow man the greatest possible freedom in order to pursue this relationship. Douglas defined freedom as the ability to choose and refuse one choice at a time, and to
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The National Dividend is justified by the displacement of labour in the productive process due to technological increases in productivity. As human labour is increasingly replaced by machines in the productive process, Douglas believed people should be free to consume while enjoying increasing
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This seems to be a suitable occasion on which to emphasise the proposition that a Balanced Budget is quite inconsistent with the use of Social Credit (i.e., Real Credit – the ability to deliver goods and services 'as, when and where required') in the modern world, and is simply a statement in
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Let A1+B1 be the costs in a period to time of articles produced by factories making consumable goods divided up into A1 costs which refer to money paid to individuals by means of salaries, wages, dividends, etc., and B1 costs which refer to money paid to other institutions. Let A2, B2 be the
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as a legitimate theory of values, he also considered values as subjective and not capable of being measured in an objective manner. Thus he rejected the idea of the role of money as a standard, or measure, of value. Douglas believed that money should act as a medium of communication by which
2529:
Incomes are paid to workers during a multi-stage program of production. According to the convention of accepted orthodox rules of accountancy, those incomes are part of the financial cost and price of the final product. For the product to be purchased with incomes earned in respect of its
1773:, had long been solved. The new problem was one of distribution. However, so long as orthodox economics makes scarcity a value, banks will continue to believe that they are creating value for the money they produce by making it scarce. Douglas criticized the banking system on two counts:
2052:
According to Douglas, the major consequence of the problem he identified in his A+B theorem is exponentially increasing debt. Further, he believed that society is forced to produce goods that consumers either do not want or cannot afford to purchase. The latter represents a favorable
2057:, meaning a country exports more than it imports. But not every country can pursue this objective at the same time, as one country must import more than it exports when another country exports more than it imports. Douglas proposed that the long-term consequence of this policy is a
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2739:
had electoral successes with "social credit" political parties, the efforts in England and Australia were devoted primarily to pressuring existing parties to implement social credit. This function was performed especially by Douglas's social credit secretariat in England and the
2468:
still more by scientific progress, and decreased by the production, maintenance, or depreciation of it, we can issue credit, in costs, at a greater rate than the rate at which we take it back through prices of ultimate products, if capacity to supply individuals exceeds desire."
2083:
The replacement of labour by capital in the productive process implies that overhead charges (B) increase in relation to income (A), because "'B' is the financial representation of the lever of capital". As Douglas stated in his first article, "The Delusion of Superproduction":
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described the implementation by the President of an alternate future United States of an altered form of social credit, in which the government issues a National Dividend to all citizens in the form of "trade aids", which can be spent like money but which cannot be lent at
3635:
describes a similar system in less detail. In Heinlein's future society, government is not funded by taxation. Instead, government controls the currency and prevents inflation by providing a price rebate to participating business and a guaranteed income to every citizen.
2554:
Other critics argue that if the gap between income and prices exists as Douglas claimed, the economy would have collapsed in short order. They also argue that there are periods of time in which purchasing power is in excess of the price of consumer goods for sale.
3254:, Finlay argues that, "It must also be noted that while Douglas was critical of some aspects of Jewish thought, Douglas did not seek to discriminate against Jews as a people or race. It was never suggested that the National Dividend be withheld from them."
3071:, Douglas published a critical analysis of the Social Credit movement in Alberta, in which he said, "The Manning administration is no more a Social Credit administration than the British government is Labour". Manning accused Douglas and his followers of
2959:" was inconsistent with Social Credit principles. Douglas stated that, under existing rules of financial cost accountancy, balancing all budgets within an economy simultaneously is an arithmetic impossibility. In a letter to Aberhart, Douglas stated:
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2526:
distributed, under present conditions by a draft, and an increasing draft, on the purchasing power distributed in respect of future production, and this latter is mainly and increasingly derived from financial credit created by the banks."
3520:
As lack of finance has been a constant impediment to the development of the arts and literature, the concept of economic democracy through social credit had immediate appeal in literary circles. Names associated with social credit include
3250:, wrote, "Anti-Semitism of the Douglas kind, if it can be called anti-Semitism at all, may be fantastic, may be dangerous even, in that it may be twisted into a dreadful form, but it is not itself vicious nor evil." In his 1972 book,
1625:. He claimed that one of the factors resulting in a misdirection of thought in terms of the nature and function of money was economists' near-obsession about values and their relation to prices and incomes. While Douglas recognized
3102:
Douglas described Social Credit as "the policy of a philosophy", and warned against considering it solely as a scheme for monetary reform. He called this philosophy "practical Christianity" and stated that its central issue is the
1499:
in the economy, Douglas prescribed government intervention in the form of the issuance of debt-free money directly to consumers or producers (if they sold their product below cost to consumers) in order to combat such discrepancy.
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in general longer than that of consumable goods, or ultimate products, and yet in order to meet the requirements for money to buy the consumable goods, the rate of production of capital goods must be continuously increased.
2129:
3055:
saw a major revival, with a post-war economic boom and high oil revenues helping the party retain power for a quarter of a century. However, the party soon departed from its origins and became popularly identified as a
1613:. While Douglas did not deny that all costs ultimately relate to labour charges of some sort (past or present), he denied that the present labour of the world creates all wealth. Douglas carefully distinguished between
2543:
capital-disinvestment if future expenditure on consumption is expected to increase. Each time we secure to-day's equilibrium by increased investment we are aggravating the difficulty of securing equilibrium to-morrow.
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him in the highest standard of living, as a result of an artificial inducement to produce things he does not want, which he cannot buy, and which are of no use to the attainment of his internal standard of well-being.
2816:, and production must serve the genuine, freely expressed interests of consumers. In order to accomplish this objective, he believed that each citizen should have a beneficial, not direct, inheritance in the communal
1683:
3. And the third, which is essentially simpler still, in fact, so simple that it appears entirely unintelligible to the majority, is that the object of the industrial system is merely to provide goods and services.
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contract out of unsatisfactory associations. Douglas believed that if people were given the economic security and leisure achievable in the context of a social credit dispensation, most would end their service to
3471:
1649:, or "well-being", and Douglas believed that all production should increase personal well-being. Therefore, production that does not directly increase personal well-being is waste, or economic sabotage.
3158:; and none shall make them afraid." In keeping with this goal, Douglas was opposed to all forms of taxation on real property. This set social credit at variance from the land-taxing recommendations of
2760:
It was while he was reorganising the work at Farnborough, during World War I, that Douglas noticed that the weekly total costs of goods produced was greater than the sums paid to individuals for
4474:
Douglas, C.H. (1934). "The Douglas System of Social Credit: Evidence taken by the Agricultural Committee of the Alberta Legislature, Session 1934". Edmonton: Legislative Assembly of Alberta: 90.
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directly linked to confusion in regard to the purpose of the economic system, and the belief that the economic system exists to provide employment in order to distribute goods and services.
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that were consumed in its production, plus that amount of consumer goods labour consumed during its production. This total consumption represents the physical, or real, cost of production.
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Douglas sent two social credit technical advisors from the United Kingdom, L. Denis Byrne and George F. Powell, to Alberta. But early attempts to pass social credit legislation were ruled
4665:
3498:
1725:
Bank credit comprises the vast majority of money, and is created every time a bank makes a loan. Douglas was also one of the first to understand the creditary nature of money. The word
1758:
of association" – historic accumulations of which constitute what Douglas called the cultural heritage. The means of drawing upon this pool is money distributed by the banking system.
1742:. Douglas argued that this may have once been the case when the majority of wealth was produced by individuals who subsequently exchanged it with each other. But in modern economies,
2563:
that is proof that we are not distributing purchasing power sufficient to buy the goods for sale at that time; otherwise we should not be increasing debt, and that is the situation.
2440:{\displaystyle {\text{true price }}(\$ )={\text{cost }}(\$ )\cdot {\dfrac {{\text{consumption }}(\$ )+{\text{depreciation }}(\$ )}{{\text{credit }}(\$ )+{\text{production }}(\$ )}}}
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1. The first of these is that it is a disguised Government, of which the primary, though admittedly not the only, object is to impose upon the world a system of thought and action.
3203:
respectively. Douglas was critical of both schools of thought, but believed that "the truth lies in appreciation of the fact that neither conception is useful without the other".
2123:
The price rebate is based upon the observation that the real cost of production is the mean rate of consumption over the mean rate of production for an equivalent period of time.
4554:
1788:
The former Douglas identified as being anti-social in policy. The latter he claimed was equivalent to claiming ownership of the nation. According to Douglas, money is merely an
1589:" as the primary factor. He defined cultural inheritance as the knowledge, techniques and processes that have accrued to us incrementally from the origins of civilization (i.e.
1680:
2. The second alternative has a certain similarity to the first, but is simpler. It assumes that the primary objective of the industrial system is the provision of employment.
2780:. Troubled by the seeming difference between the way money flowed and the objectives of industry ("delivery of goods and services", in his opinion), Douglas decided to apply
3023:
In 1938, Aberhart's Alberta Social Credit Party had 41,000 paid members, forming a broad coalition ranging from those who believed in Douglas' monetary policies to moderate
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represents this pyramid and is the antithesis of social credit. It turns the government into an end instead of a means, and the individual into a means instead of an end –
3615:
Life and Money: Being a Critical Examination of the Principles and Practice of Orthodox Economics with A Practical Scheme to End the Muddle it has made of our Civilisation
4354:
3215:. Douglas was critical of "international Jewry", especially in his later writings. He asserted that such Jews controlled many of the major banks and were involved in an
2752:(which continues to be published by the Secretariat) for the remainder of his lifetime, concentrating more on political and philosophical issues during his later years.
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3035:
groups in various local and provincial elections. However, as it became apparent that the party was failing to deliver on its promises to control prices and distribute
2703:. Of considerable interest is the evidence he presented to the Canadian House of Commons Select Committee on Banking and Commerce in 1923, to the British parliamentary
3195:
Douglas divided philosophy into two schools of thought that he termed the "classical school" and the "modern school", which are broadly represented by philosophies of
5957:
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influence. However, some historians believe that neither Aberhart nor his supporters understood the works of Douglas, and simply rallied around Aberhart's charisma.
2062:
3242:, over the individual. He also believed that what Jews considered as abstractionist thought tended to encourage them to endorse communist ideals and an emphasis on
2820:
conferred by complete access to consumer goods assured by the National Dividend and Compensated Price. Douglas thought that consumers, fully provided with adequate
3170:
and use their free time to pursue spiritual, intellectual or cultural goals resulting in self-development. Douglas opposed what he termed "the pyramid of power".
3219:
to centralize the power of finance. Some people have claimed that Douglas was antisemitic because he was quite critical of pre-Christian philosophy. In his book
1597:". "We are merely the administrators of that cultural inheritance, and to that extent the cultural inheritance is the property of all of us, without exception."
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4000:
2098:
overhead charges, must also increase. Further, any attempt to stabilize or decrease prices must be met by decreasing incomes according to this analysis. As the
5062:
6178:
1544:
3508:
868:
2284:{\displaystyle {\text{real cost (production)}}=M\cdot {\cfrac {\int _{T_{1}}^{T_{2}}{\frac {dC}{dt}}\,dt}{\int _{T_{1}}^{T_{2}}{\frac {dP}{dt}}\,dt}}}
4507:
2538:
system". While Keynes said that Douglas's A+B theorem "includes much mere mystification", he reaches a similar conclusion to Douglas when he states:
1507:, is above all systems, whether theological, political or economic." Douglas said that Social Crediters want to build a new civilization based upon "
2026:
rate of circulation of money. There is no fundamental difference between tools and intermediate products, and the latter may therefore be included.
4935:
3223:, he wrote that, "It is not too much to say that one of the root ideas through which Christianity comes into conflict with the conceptions of the
2972:
becomes quite automatically the property of those who create and issue of money and the necessary unbalancing of the Budget is covered by Debts.
4597:
1735:, meaning "to believe". "The essential quality of money, therefore, is that a man shall believe that he can get what he wants by the aid of it."
2787:
Douglas collected data from more than a hundred large British businesses and found that in nearly every case, except that of companies becoming
1495:
to discrepancies between the cost of goods and the compensation of the workers who made them. To combat what he saw as a chronic deficiency of
4676:
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4693:
3079:
won power in 1952 in the province to Alberta's west, but had little in common with Social Credit bank reform, Major Douglas or his theories.
2061:, typically resulting in real war – hence, the social credit admonition, "He who calls for Full-Employment calls for War!", expressed by the
5734:
2876:, is said to have declared that he did not care whether Douglas was technically correct or not – he simply did not like his policy. In the
1713:, meaning "beast"). Today, the productive system and the monetary system are two separate entities. Douglas demonstrated that loans create
5579:, by John W. Hughes, Edmonton, Brightest Pebble Publishing Company, 2004; first published in Great Britain by Wedderspoon Associates, 2002
3005:
trade – that you have to get people frantically buying goods – a perfectly sound idea so long as the objective of life is merely trading.
3016:, still in operation today and now among the very few government-owned banks in North America that serve the public. (See for comparison
6492:
5085:
2476:
the retailer receives $ 100, and the consumer receives the difference of $ 25 via new credits created by the National Credit Authority.
6113:
5669:
3230:
Douglas was opposed to abstractionist philosophies because he believed that these philosophies inevitably resulted in the elevation of
2795:
did not have enough income to buy back what they had made. He published his observations and conclusions in an article in the magazine
1515:; and none shall make them afraid." In his words, "what we really demand of existence is not that we shall be put into somebody else's
4452:
6171:
6123:
5815:
3411:
2791:, the sums paid out in salaries, wages and dividends were always less than the total costs of goods and services produced each week:
1534:
to the Albertan populace. However, Douglas opposed the distribution of prosperity certificates which were based upon the theories of
1170:
5183:
3858:. The Fig Tree, New Series. Vol. 1, no. June. Belfast, Northern Ireland: K.R.P. Publications (published 1954–1955). Cover.
4786:
3791:
1974:, in critique of accounting methodology pertinent to income and prices. In the fourth, Australian Edition of 1933, Douglas states:
4561:
1503:
In defence of his ideas, Douglas wrote that "Systems were made for men, and not men for systems, and the interest of man which is
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3347:
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accounting figures that the progress of the country is stationary, i.e., that it consumes exactly what it produces, including
2668:
to the promulgation of Douglas's ideas until his death on the eve of his BBC speech on social credit, 5 November 1934, in the
2500:
A. W. Joseph replied to this specific criticism in a paper given to the Birmingham Actuarial Society, "Banking and Industry":
2039:
held at the banks (which varies very little). The result is the number of times money must turnover in order to produce these
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was the Incarnation of this Canon. However, he also believed that Christianity remained ineffective so long as it remained
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5357:
5313:
5213:
5931:
5885:
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4586:
Pullen, J. M.; Smith, G. 0. (1997). "Major Douglas and Social Credit: A Reappraisal". Duke University Press. p. 219.
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2720:
1953:
In January 1919, "A Mechanical View of Economics" by C. H. Douglas was the first article to be published in the magazine
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940:
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3661:
Frances Hutchinson, Chairperson of the Social Credit Secretariat, has co-authored, with Brian Burkitt, a book entitled
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1538:. Douglas' theory of social credit has been disputed and rejected by most economists and bankers. Prominent economist
5952:
5921:
5590:
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4355:"FIRST INTERIM REPORT ON THE POSSIBILITIES OF THE APPLICATION OF SOCIAL CREDIT PRINCIPLES TO THE PROVINCE OF ALBERTA"
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figures. In a testimony before the Alberta Agricultural Committee of the Alberta Legislature in 1934, Douglas said:
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Aberhart did bring in a measure of social credit, with the establishment of a government-owned banking system, the
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Office would be charged with the task of calculating the size of the rebate and dividend by determining a national
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1979:
as a manufactory of prices – financial values. From this standpoint, its payments may be divided into two groups:
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Although Douglas defined social credit as a philosophy with Christian origins, he did not envision a Christian
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representation of the real credit of the community, which is the ability of the community to deliver goods and
1084:
1079:
397:
20:
5699:
5685:
Hilderic Cousens, "A New Policy for Labour; an essay on the relevance of credit control" at American Libraries
4638:
4168:
Pollock, Fredrick (1996). "The History of English Law Before the Time of Edward I". Lawbook Exchange Ltd: 151.
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6341:
6279:
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2920:, had convinced Aberhart that the theories of Major Douglas would facilitate for Alberta's recovery from the
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842:
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3658:(in order to mollify the banking industry) and which eventually expire (to prevent inflation and hoarding).
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1754:. The efficiency gained by individuals cooperating in the productive process was named by Douglas as the "
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Douglas emphasized that all policy derives from its respective philosophy and that "Society is primarily
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2602:
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Since A2=B1 this means that (A2+B2)/(A1+B1)= (1+k2)*A2/(1+1/k1)*B1 = (1+k2)/(1+1/k1) which is increasing.
1527:
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6548:
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arguing that it resulted in electoral irresponsibility, calling it a "Jewish" technique used to ensure
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In his pamphlet entitled "The New and the Old Economics", Douglas describes the cause of "B" payments:
1420:
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intentionally depreciated in value the longer they were held, and Douglas openly criticized the idea:
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They did provide spending power to many impoverished Albertans in the time they were in circulation.
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Douglas considered the constitution an organism, not an organization. In this view, establishing the
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39:
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5171:. Vol. 21, no. 1, 2. Liverpool: K.R.P. Publications Ltd. (published 4–11 September 1947).
4154:
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Douglas claimed there were three possible policy alternatives with respect to the economic system:
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226:
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3623:
described a social credit economy in his 2003 posthumously published first novel written in 1938,
3613:, a science fiction fantasy exploration of social credit themes. His social credit economics book
3300:
2744:
in Australia. Douglas continued writing and contributing to the secretariat's journals, initially
2547:
The criticism that social credit policies are inflationary is based upon what economists call the
2472:
of time in any industrial society, the real cost of goods should be less than the financial cost.
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6590:
6487:
6477:
6465:
6455:
6228:
5835:
3883:
Douglas, C.H. (1933). "Major C.H. Douglas Speaks". Sydney: Douglas Social Credit Association: 41.
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and the ideals of the pre-Christians' era is in respect of this dethronement of abstractionism."
3188:
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resisted pressure from some trade unionists to implement social credit, as hierarchical views of
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1993:
All payments made to other organizations (raw materials, bank charges, and other external costs).
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351:
221:
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suggested by Douglas. In an effort to discredit the social credit movement, one leading Fabian,
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Douglas replied to these criticisms in his testimony before the Alberta Agricultural Committee:
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Province's finances, and the correspondence between them was published by Douglas in his book,
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201:
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4047:. 1373. Vol. XXIV, no. 9. 38 Cursitor Street, London: The New Age Press. p. 136
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Social credit parties also enjoyed some electoral success at the federal level in Canada. The
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5141:. Vol. 17, no. 23. Liverpool: K.R.P. Publications Ltd. (published 8 February 1947).
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3187:, and must have regard to the organic relationships of its prototype." Social credit rejects
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1306:
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442:
132:
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5156:. Vol. 20, no. 26. Liverpool: K.R.P. Publications Ltd. (published 28 August 1947).
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1826:. In this case the time between present and the future time where the accumulated total of
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1160:
995:
965:
702:
510:
407:
371:
216:
149:
97:
27:
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C.H. Douglas's work "The Douglas Theory, A Reply to Mr. J.A. Hobson" at American Libraries
5660:
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1838:
8:
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1585:. While Douglas did not deny the role of these factors in production, he considered the "
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812:
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The Green Shirt Movement for Social Credit Social Credit Party of Great Britain archives
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party, focusing much of its efforts on combatting Alberta's unions, and implementing a
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1743:
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137:
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of industry, but democratic control of credit. Removing the policy of production from
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4694:"The Alberta Post-War Reconstruction Committee Report of the Subcommittee on Finance"
4644:
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4333:
4091:
4009:
3952:
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3216:
3155:
3116:
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was initiated mostly by Albertans, and eventually created another base of support in
2857:
2635:
2598:
2014:
demonstrates that total prices increase faster than total incomes when regarded as a
1834:
grows ever larger, which results in the accumulation of loan credit or export credit.
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Douglas criticized classical economics because many of the theories are based upon a
1614:
1512:
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1381:
1316:
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189:
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177:
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4037:
3384:
6523:
6017:
5997:
5982:
5926:
5137:
Douglas, C.H. (1947). "An Act for the Better Management of the Credit of Alberta".
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3741:
3699:
3606:
3538:
2921:
2913:
2877:
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2821:
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2777:
2481:
2054:
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1511:" for the individual, where "they shall sit every man under his vine and under his
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583:
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492:
477:
248:
211:
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1750:
In this opinion, wealth is a pool upon which people can draw, and money becomes a
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6398:
6356:
6274:
6143:
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3736:
3685:
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3526:
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2036:
1789:
1714:
1618:
1523:
1435:
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1207:
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321:
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5684:
3819:(Fifth Authorised ed.). Epsom, Surrey, England: Bloomfield Books. pp.
3594:
6062:
6057:
5284:
Alberta Post-War Reconstruction Committee Report of the Subcommittee on Finance
4632:
4630:
4628:
3751:
3602:
3598:
3108:
3048:
2650:. His early writings appeared most notably in the British intellectual journal
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2606:
2117:
2099:
2015:
1804:
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1254:
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2113:
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331:
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127:
117:
107:
4625:
3981:, Melbourne Town Hall, Melbourne, Australia: The Australian League of Rights
2955:, wanted to balance the provincial budget, Douglas argued the concept of a "
2601:
from an all-powerful parliament. Douglas also believed the effectiveness of
2078:
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6241:
6092:
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3731:
3721:
3574:
3562:
3522:
3325:
3231:
3212:
3159:
3112:
2869:
2619:
2531:
1961:, critiquing the methods by which economic activity is typically measured:
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1279:
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112:
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is determined structurally by application of a Christian concept known as
6331:
6246:
6097:
6037:
6032:
6007:
3554:
3546:
3542:
3474:
3243:
3184:
3132:
3027:. The latter group helped influence the party to form alliances with the
2979:
2841:
2781:
2736:
2652:
1640:
1153:
980:
950:
930:
762:
717:
680:
658:
653:
266:
241:
5243:. Vancouver: Institute of Economic Democracy, Sixth Printing, Dec.1978.
5016:
4984:
3679:
6501:
6403:
6236:
6082:
6067:
6027:
5715:
5630:
5625:
4788:
Social Discredit: Anti-Semitism, Social Credit, and the Jewish Response
3534:
2881:
2788:
2594:
2574:
1598:
1519:, but we shall be put in a position to construct a Utopia of our own."
1425:
1119:
1114:
92:
60:
5680:
C.H. Douglas's work, "These Present Discontents" at American Libraries
2510:
In symbols if B1/A1 = k1 and B2/A2 = k2 both k1 and k2 are increasing.
6650:
5730:
5000:
3196:
3151:
3136:
3129:
3064:
3032:
3024:
2058:
2008:
2004:
1626:
1606:
1492:
1234:
975:
970:
782:
306:
271:
206:
70:
65:
5394:. Melbourne: Heritage for Institute of Economic Democracy. pp.
3039:, the party's membership fell rapidly, totaling just 3,500 by 1942.
6675:
6311:
4898:
Douglas, C.H. (December 1918). "The Delusion of Super-Production".
3655:
3060:
2792:
2769:
2583:
1770:
1089:
159:
2634:
C. H. Douglas, founder of the "social credit" economic theory, in
1985:
All payments made to individuals (wages, salaries, and dividends).
905:
5710:
2909:
2011:
1751:
1522:
The idea of social credit attracted considerable interest in the
1264:
515:
291:
5739:
4936:"Maud Gonne and the 1930s' movement for basic income in Ireland"
3211:
Social crediters and Douglas have been criticized for spreading
2932:, which was largely nurtured in Alberta, thus acquired a strong
2868:, were incompatible with the National Dividend and abolition of
2828:
through exercise of their monetary vote. In this view, the term
2093:
extent to which machinery replaces manual labour, as it should.
1644:
5705:
3693:
3167:
3087:
2968:. The result of the acceptance of this proposition is that all
2805:
through a National Dividend and a Compensated Price Mechanism.
2765:
1698:
1516:
1212:
837:
643:
5720:
4955:
The Age of Unreason: a Short History of Democracy in our Times
3707:
3094:, where it was the country's third party for almost 30 years.
2630:
2317:
The physical cost of producing something is the materials and
2997:
2480:
amounts of leisure, and that the Dividend would provide this
1622:
1222:
4985:"The Cold War, Alberta Labour, and the Social Credit Regime"
4259:. Institution of Mechanical Engineers: Warning Democracy: 15
3135:. Social credit is consonant with the Christian doctrine of
3075:, and purged "Douglasites" from the Alberta government. The
2856:
During early years of the philosophy, the management of the
2487:
2035:
through the bank in a year divided by the average amount of
2761:
1928:
accumulated by next period are able to cover past payments
1867:
accumulated by next period are able to cover past payments
4548:
4546:
2492:
Critics of the theorem, such as J. M. Pullen, Hawtrey and
2106:
1970:
In 1920, Douglas presented the A + B theorem in his book,
5958:
Social Credit Party of Great Britain and Northern Ireland
5725:
3504:
Social Credit Party of Great Britain and Northern Ireland
3069:
An Act for the Better Management of the Credit of Alberta
2992:, William Aberhart issued a currency substitute known as
2079:
The A + B theorem and a cost accounting view of inflation
2063:
Social Credit Party of Great Britain and Northern Ireland
4305:
address at St. James' Theatre, Christchurch, New Zealand
3609:
espoused similar ideas. In 1933 Eimar O'Duffy published
3246:
over individuals. Historian John L. Finlay, in his book
2840:, government, and industry, social credit envisages an "
2521:
to purchase the consumable goods coming on the market."
2301:= money distributed for a given programme of production,
1707:, originally and literally meaning "cattle" (related to
4543:
2215:
2150:
5731:
Catalogue of the social credit publications collection
5533:
Political Economy of Social Credit and Guild Socialism
3051:, who succeeded Aberhart after his death in 1943, the
2218:
2153:
5566:(1920) new edition: December 1974; Bloomfield Books;
5506:. Montreal: McGill-Queens University Press. pp.
4469:
4467:
4086:. Epsom, Surrey, England: Bloomfield Books. pp.
3257:
2731:
who contributed a major book on social credit titled
2366:
2330:
2132:
4640:
The General Theory of Employment, Interest and Money
3944:
The General Theory of Employment, Interest and Money
3934:
3675:
1545:
The General Theory of Employment, Interest and Money
4421:
4419:
4417:
4415:
4413:
4411:
4409:
2776:, that all costs are distributed simultaneously as
1769:Douglas also claimed the problem of production, or
5499:
5387:
5265:
5167:Douglas, C.H. (1947). "Social Credit in Alberta".
5152:Douglas, C.H. (1947). "Social Credit in Alberta".
4464:
2772:. This seemed to contradict the theory of classic
2439:
2283:
1560:
1552:to explain differences in output and consumption.
5268:Aladdin's Lamp: The Wealth of the American People
2733:Aladdin’s Lamp: The Wealth of the American People
2707:in 1930, which included exchanges with economist
1630:consumers direct the distribution of production.
6698:
5451:
5421:C.H. Douglas letter to L.D. Byrne, 28 March 1940
5056:
5054:
4406:
4029:
2679:, was published in 1920, soon after his article
1784:for claiming ownership of the money they create.
1692:
1639:decreasing it. The word wealth derives from the
1593:). Consequently, mankind does not have to keep "
6186:
4517:. 38 Cursitor Street, London: The New Age Press
4432:. Melbourne, Australia: The Social Credit Press
5690:Bryan Monahan, "Introduction to Social Credit"
4614:The Douglas Theory; a reply to Mr. J.A. Hobson
3119:. Religion, which derives from the Latin word
2988:in London.Drawing on the monetary theories of
1907:payments with an increasing ratio of payments
1777:for being a form of government which has been
6172:
5755:
5417:
5415:
5186:. Australian League of Rights. Archived from
5051:
4297:
4295:
3206:
2609:: "In some form or other, sovereignty in the
1457:
862:
5735:Modern Records Centre, University of Warwick
5670:C.H. Douglas's book "The Monopoly of Credit"
4675:. Vol. LII, no. 23. Archived from
4657:
4395:, Melbourne: The Australian League of Rights
4308:, Melbourne: The Australian League of Rights
4083:Economic Democracy, Fifth Authorised Edition
3867:
3865:
3090:. Social Credit also did well nationally in
2457:Depreciation = depreciation of real capital,
4643:. London, England: MacMillan & Co Ltd.
4596:: CS1 maint: numeric names: authors list (
4585:
4360:. Social Credit Secretariat. Archived from
3947:. London: MacMillan & Co Ltd. pp.
3663:The Political Economy of Social Credit and
3472:New Zealand Social Credit Association (Inc)
3175:
3120:
2977:
2711:, and to the Agricultural Committee of the
2705:Macmillan Committee on Finance and Industry
1730:
1708:
1702:
6179:
6165:
5762:
5748:
5663:The Control and Distribution of Production
5530:
5412:
5083:
4867:"Select Committee on Banking and Commerce"
4292:
4228:"The Bank in Brief: Canada's Money Supply"
2899:
2808:According to Douglas, the true purpose of
2689:The Control and Distribution of Production
2586:was freed leaving Christ to be crucified.
1464:
1450:
869:
855:
6124:Social Credit Party of Canada split, 1963
5816:Committee on Monetary and Economic Reform
5493:
5491:
5321:. Sydney: Tidal Publications. p. 3.
4920:. Australian League of Rights. p. 6.
3862:
3849:
3847:
3412:Committee on Monetary and Economic Reform
3128:The goal of Social Credit is to maximize
2687:. Among Douglas's other early works were
2488:Critics of the A + B theorem and rebuttal
2269:
2204:
5207:
5205:
4848:, Melbourne: Australian League of Rights
4821:, Melbourne: Australian League of Rights
2916:. A book by Maurice Colbourne, entitled
2629:
1891:
1837:
1803:
1668:
6114:1937 Social Credit backbenchers' revolt
5604:For Us, The Living: A Comedy of Customs
5583:Major Douglas and Alberta Social Credit
5577:Major Douglas: The Policy of Philosophy
5457:
5385:
5355:
5311:
5299:The Land for the (Chosen) People Racket
5296:
5211:
5166:
5151:
5136:
5060:
5037:
4952:
4897:
4838:
4811:
4784:
4780:
4778:
4663:
4610:
4552:
4505:
4473:
4425:
4385:
4325:
4301:
4251:
4167:
4117:
4079:
4035:
3998:
3971:
3882:
3853:
3812:
3626:For Us, The Living: A Comedy of Customs
2939:Douglas was consulted by the 1921–1935
2892:. Confused in the public mind with the
2120:production and consumption statistics.
2107:Compensated price and national dividend
1935:, however, this requires that payments
1874:, however, this requires that payments
1542:references Douglas's ideas in his book
6699:
5695:M. Gordon-Cumming, "Money in Industry"
5497:
5488:
5467:. New York: Gordon Press. p. 22.
5263:
5238:
4982:
4933:
4929:
4927:
4636:
4332:. New York: Gordon Press. p. 47.
4008:. New York: Gordon Press. p. 60.
3940:
3844:
3348:Pro-Life Alberta Political Association
2888:, Douglas's ideas briefly spawned the
6342:Marxian critique of political economy
6160:
5912:Democratic Labour Party (New Zealand)
5743:
5596:
5202:
4978:
4976:
4974:
4972:
4970:
4968:
4966:
4964:
4915:"C.H. Douglas The Man and the Vision"
4751:
4749:
4747:
4745:
3794:from the original on 6 September 2021
2597:is essential to ensure protection of
2463:Production = cost of total production
2454:Consumption = cost of consumer goods,
5876:Social Credit Party of New Brunswick
5801:British Columbia Social Credit Party
4785:Stingel, Janine (24 February 2000).
4775:
4560:. The English Review. Archived from
3364:Social Credit Party of New Brunswick
3354:British Columbia Social Credit Party
3107:. Douglas believed that there was a
3077:British Columbia Social Credit Party
3029:Co-operative Commonwealth Federation
2851:
2646:who pursued his higher education at
1799:
1796:, when and where they are required.
1738:According to economists, money is a
1633:
1487:developed in the 1920s and 1930s by
5932:Solomon Islands Social Credit Party
5886:Social Credit Party of Saskatchewan
5430:
5218:. Veritas Publishing Co. Pty, Ltd.
5181:
5110:
4934:Warren, Gordon (24 November 2020).
4924:
4912:
4755:
4722:
4460:. Sydney, n.d.: Tidal Publications.
4450:
4352:
4199:
3914:
3515:
3486:Solomon Islands Social Credit Party
3395:Social Credit Party of Saskatchewan
3042:
2567:
1140:Workers' right to access the toilet
13:
5553:
5502:Social Credit: The English Origins
5063:"The Fallacy of a Balanced Budget"
4961:
4842:address at Central Hall, Liverpool
4742:
4716:
4386:Douglas, C.H. (24 November 1936),
4302:Douglas, C.H. (13 February 1934),
3479:
3457:New Democratic Party (New Zealand)
3258:Groups influenced by social credit
3252:Social Credit: The English Origins
3248:Social Credit: The English Origins
3111:which permeated the universe, and
2656:. The editor of that publication,
2427:
2410:
2394:
2377:
2356:
2339:
1846:with a constant ratio of payments
1555:
14:
6733:
5953:Irish Monetary Reform Association
5922:Social Credit Party (New Zealand)
5769:
5636:
5365:. Tidal Publications. p. 7.
5118:. The Australian League of Rights
4839:Douglas, C.H. (30 October 1936),
4617:. London: Cecil Palmer. pp.
4555:"The Delusion of Superproduction"
4202:"The Working of the Money System"
3972:Douglas, C.H. (22 January 1934),
3922:. The Australian League of Rights
3499:Douglas Social Credit Secretariat
3492:
3467:Social Credit Party (New Zealand)
3430:Irish Monetary Reform Association
2924:. Aberhart added a heavy dose of
843:Business and economics portal
6646:History of macroeconomic thought
6471:Neoclassical–Keynesian synthesis
5088:. Glenbow Museum. Archived from
5069:. pp. 346–7. Archived from
5047:. London: Eyre and Spottiswoode.
4038:"A Mechanical View of Economics"
3706:
3692:
3678:
3067:. In the Secretariat's journal,
2784:methods to the economic system.
2681:The Delusion of Super-Production
1035:Diversity, equity, and inclusion
904:
836:
26:Not to be confused with China's
5856:Ralliement créditiste du Québec
5726:Clifford Hugh Douglas Institute
5711:Social Credit School of Studies
5524:
5424:
5379:
5349:
5335:
5305:
5301:. London: KRP Publications Ltd.
5290:
5276:
5272:. New York: Creative Age Press.
5257:
5232:
5175:
5160:
5145:
5130:
5104:
5077:
5031:
4946:
4906:
4891:
4859:
4832:
4805:
4791:. McGill-Queen's Press - MQUP.
4686:
4604:
4579:
4553:Douglas, C.H. (December 1918).
4499:
4444:
4389:address at Ulster Hall, Belfast
4379:
4346:
4319:
4254:"Engineering, Money and Prices"
4252:Douglas, C.H. (22 April 1927).
4245:
4220:
4193:
4161:
4139:
4111:
4073:
3854:Douglas, C.H. (1954). "Cover".
3380:Ralliement créditiste du Québec
3295:Canadian social credit movement
2930:Canadian social credit movement
2824:, will establish the policy of
2715:in 1934 during the term of the
1830:can cover the current total of
1587:cultural inheritance of society
1561:Factors of production and value
5963:Social Credit Party of Ireland
5881:Social Credit Party of Ontario
5433:"Static and Dynamic Sociology"
5061:Douglas, C.H. (28 July 1932).
4812:Douglas, C.H. (7 March 1936),
3992:
3965:
3908:
3806:
3774:
3440:
3369:Social Credit Party of Ontario
2928:to Douglas' theories, and the
2896:, its meetings were attacked.
2848:by a democracy of consumers".
2742:Commonwealth Leagues of Rights
2430:
2424:
2413:
2407:
2397:
2391:
2380:
2374:
2359:
2353:
2342:
2336:
2007:evidence, Douglas claims this
1085:Occupational safety and health
1080:Occupational safety and health
21:Social credit (disambiguation)
1:
6636:Critique of political economy
5871:Social Credit Party of Canada
4957:. Dublin: Abbey Publications.
4763:. Australian League of Rights
4758:"Realistic Constitutionalism"
4730:. Australian League of Rights
4454:The New and the Old Economics
4127:. Australian League of Rights
3435:Social Credit Party (Ireland)
3291:Social Credit Party of Canada
3097:
3084:Social Credit Party of Canada
1949:rise exponentially over time.
1812:with steady payments of both
1693:The creditary nature of money
1550:principle of effective demand
1208:Chronological list of strikes
738:Commons-based peer production
458:Socialism of the 21st century
6544:Rational expectations theory
5826:Manitoba Social Credit Party
5796:Abolitionist Party of Canada
5531:Hutchinson, Frances (1997).
5184:"The Policy of a Philosophy"
3856:The Douglas Quarterly Review
3359:Manitoba Social Credit Party
3337:Provincial political parties
3307:Abolitionist Party of Canada
3262:
2918:The Meaning of Social Credit
1888:rise exponentially over time
1781:its power for centuries, and
7:
6712:Schools of economic thought
6641:History of economic thought
6188:Schools of economic thought
5907:Country Party (New Zealand)
5902:Australian League of Rights
5866:Alberta Social Credit Party
5700:Australian League of Rights
3671:
3617:, was endorsed by Douglas.
3597:and the American publisher
3343:Alberta Social Credit Party
3269:Australian League of Rights
3053:Alberta Social Credit Party
2926:fundamentalist Christianity
2904:In 1935, the world's first
1528:Alberta Social Credit Party
10:
6738:
6561:New neoclassical synthesis
6549:Real business-cycle theory
5654:Credit-Power and Democracy
5359:Why I am a Social Crediter
5343:"The Use of Social Credit"
5315:Why I am a Social Crediter
4429:Credit-Power and Democracy
3423:
3207:Criticism for antisemitism
2908:government was elected in
2894:Communist Party of Ireland
2844:of producers, serving and
2755:
2693:Credit-Power and Democracy
2625:
1972:Credit-Power and Democracy
1569:who recognised only three
1509:absolute economic security
25:
18:
6628:
6372:
6260:
6227:
6220:
6194:
6132:
6106:
5975:
5940:
5894:
5846:Pilgrims of Saint Michael
5786:
5779:
5716:Social Credit Secretariat
5215:Brief for the Prosecution
5113:"The Approach to Reality"
4913:Lee, Jeremy (July 1972).
4725:"The Nature of Democracy"
3917:"The Approach to Reality"
3646:Schrödinger's Cat Trilogy
3407:Pilgrims of Saint Michael
3285:Federal political parties
3279:
3234:, such as the state, and
3189:dialectical materialistic
3014:Alberta Treasury Branches
2941:United Farmers of Alberta
2890:Irish Social Credit Party
2717:United Farmers of Alberta
1532:"prosperity certificates"
1171:International comparisons
1105:Right to rest and leisure
1045:Employment discrimination
232:Socialist-oriented market
5241:The ABC of Social Credit
5086:"Prosperity Certificate"
4637:Keynes, John M. (1936).
4535:: CS1 maint: location (
4065:: CS1 maint: location (
3941:Keynes, John M. (1936).
3767:
3217:international conspiracy
3192:– molecules in motion."
3018:the Bank of North Dakota
2683:appeared in 1918 in the
2660:, devoted the magazines
2549:quantity theory of money
2460:Credit = Credit Created,
1611:labour creates all value
1548:, but instead poses the
956:Social movement unionism
6671:Post-autistic economics
5841:Parti crédit social uni
5836:Pauper Party of Ontario
5498:Finlay, John L (1972).
5458:Douglas, C. H. (1973).
5356:Monahan, Bryan (1971).
5312:Monahan, Bryan (1971).
5264:Munson, Gorham (1945).
4953:Ireland, Denis (1944).
4666:"The Birmingham Debate"
4508:"A + B AND THE BANKERS"
3787:Encyclopædia Britannica
3714:Organized Labour portal
3531:William Carlos Williams
3462:Real Democracy Movement
3452:Democratic Labour Party
3390:Parti crédit social uni
3374:Pauper Party of Ontario
3177:Demon est deus inversus
2994:prosperity certificates
2900:Aberhart administration
1729:derives from the Latin
1645:
1565:Douglas disagreed with
1166:Trade union federations
1161:Trade unions by country
6409:Modern Monetary Theory
6119:Prosperity certificate
5948:British People's Party
5811:Christian Credit Party
5386:Douglas, C.H. (1920).
5297:Douglas, C.H. (1943).
5239:Holter, E. S. (1978).
5212:Douglas, C.H. (1983).
5067:The New English Weekly
5041:The Alberta Experiment
5038:Douglas, C.H. (1937).
4983:Finkel, Alvin (1988).
4872:. 1923. Archived from
4815:address at Westminster
4664:Douglas, C.H. (1933).
4611:Douglas, C.H. (1922).
4506:Douglas, C.H. (1925).
4487:Cite journal requires
4426:Douglas, C.H. (1933).
4326:Douglas, C.H. (1973).
4280:Cite journal requires
4181:Cite journal requires
4118:Douglas, C.H. (1935).
4080:Douglas, C.H. (1974).
4036:Douglas, C.H. (1919).
3999:Douglas, C.H. (1973).
3896:Cite journal requires
3813:Douglas, C.H. (1974).
3418:Prosperity Certificate
3321:Global Party of Canada
3311:Christian Credit Party
3176:
3121:
3007:
2978:
2974:
2946:The Alberta Experiment
2884:, and subsequently by
2864:, economic growth and
2701:The Monopoly of Credit
2675:Douglas's first book,
2666:The New English Weekly
2639:
2565:
2545:
2523:
2517:
2512:
2507:
2441:
2285:
2135:real cost (production)
2095:
2076:
2050:
2028:
2001:
1968:
1950:
1889:
1835:
1731:
1709:
1703:
1686:
1666:
1656:
1065:Freedom of association
936:Exploitation of labour
6493:Keynes–Marx synthesis
5851:Ralliement créditiste
5721:Social Credit Website
5665:at American Libraries
5656:at American Libraries
5647:at American Libraries
3975:The Monopolistic Idea
3629:, and his 1942 novel
3316:Canadian Action Party
3301:Ralliement créditiste
3002:
2961:
2633:
2560:
2540:
2518:
2513:
2508:
2502:
2442:
2286:
2086:
2071:
2045:
2023:
1976:
1963:
1895:
1841:
1807:
1675:
1669:Purpose of an economy
1661:
1651:
1595:reinventing the wheel
1571:factors of production
1530:briefly distributing
1491:. Douglas attributed
1050:Employment protection
1030:Collective bargaining
6722:Political philosophy
6681:World-systems theory
6661:Mainstream economics
6601:Technocracy movement
6581:Saltwater/freshwater
6003:John Horne Blackmore
5917:Douglas Credit Party
5661:C.H. Douglas's book
5652:C.H. Douglas's book
5643:C.H. Douglas's book
4147:"Cow Words Part # 1"
3274:Douglas Credit Party
3240:corporate personhood
2970:capital appreciation
2951:While Aberhart, the
2858:British Labour Party
2838:banking institutions
2748:and soon thereafter
2648:Cambridge University
2642:C. H. Douglas was a
2328:
2130:
1959:Alfred Richard Orage
1842:Cumulative payments
1808:Cumulative payments
1567:classical economists
1411:Industrial relations
1400:Academic disciplines
996:National-syndicalism
966:Democratic socialism
768:Newly industrialized
511:Collective ownership
372:Vertical archipelago
30:for trustworthiness.
28:Social Credit System
19:For other uses, see
6666:Heterodox economics
6394:Capability approach
6270:American (National)
6252:School of Salamanca
5861:Social Credit Board
5615:Beyond This Horizon
5484:on 9 February 2010.
5190:on 4 September 2007
5169:The Social Crediter
5154:The Social Crediter
5139:The Social Crediter
4989:Labour / Le Travail
4567:on 20 November 2008
4367:on 20 November 2008
4025:on 9 February 2010.
3951:, 98–100, 370–371.
3651:Robert Anton Wilson
3643:, part of his 1979
3632:Beyond This Horizon
2934:social conservative
2774:Ricardian economics
2750:The Social Crediter
2735:. While Canada and
2719:Government in that
2713:Alberta Legislature
2709:John Maynard Keynes
2573:exist. Traditional
2248:
2217:
2183:
2152:
1540:John Maynard Keynes
991:Anarcho-syndicalism
753:Inclusive Democracy
6717:Monetary economics
6302:English historical
6048:Robert A. Heinlein
5645:Economic Democracy
5620:Robert A. Heinlein
5609:Robert A. Heinlein
5597:Fiction and poetry
5585:, by Bob Hesketh,
5560:Economic Democracy
5390:Economic Democracy
4879:on 3 February 2009
4704:on 26 October 2009
3816:Economic Democracy
3782:"Clifford Douglas"
3727:Citizen's dividend
3621:Robert A. Heinlein
3145:Left-Right Duality
2830:economic democracy
2798:The English Review
2677:Economic Democracy
2640:
2622:becomes evident."
2603:British government
2437:
2435:
2388:depreciation
2281:
2277:
2220:
2212:
2155:
2116:, and calculating
1951:
1890:
1836:
1756:unearned increment
1744:division of labour
1740:medium of exchange
1719:mathematical proof
1493:economic downturns
1100:Professional abuse
691:Material balancing
173:Buddhist economics
6694:
6693:
6656:Political economy
6624:
6623:
6556:New institutional
6529:Neo-Schumpeterian
6337:Marxist economics
6317:German historical
6154:
6153:
6088:Manasseh Sogavare
5971:
5970:
5542:978-0-415-14709-5
5535:. UK: Routledge.
5517:978-0-7735-0111-9
5474:978-0-9501126-1-9
5405:978-0-904656-00-8
5372:978-0-85855-001-8
5328:978-0-85855-001-8
5250:978-0-920392-24-9
5225:978-0-949667-80-9
5092:on 2 October 2008
4650:978-1-56000-149-2
4339:978-0-9501126-1-9
4151:billcasselman.com
4121:Warning Democracy
4097:978-0-904656-06-0
4015:978-0-9501126-1-9
3958:978-1-56000-149-2
3872:Micah 4:4
3830:978-0-904656-06-0
3641:The Trick Top Hat
3585:, Eimar O'Duffy,
3551:Flannery O'Connor
3509:Populist Alliance
2852:Political history
2721:Canadian province
2697:Warning Democracy
2670:Poverty in Plenty
2636:Edmonton, Alberta
2599:individual rights
2434:
2422:
2405:
2389:
2372:
2371:consumption
2351:
2334:
2279:
2267:
2216:
2202:
2151:
2136:
1800:The A + B theorem
1634:Economic sabotage
1485:political economy
1474:
1473:
1431:Post-work society
1260:Solidarity action
1070:Legal working age
926:Conflict theories
879:
878:
389:By regional model
183:Sabbath economics
6729:
6686:Economic systems
6225:
6224:
6207:Medieval Islamic
6181:
6174:
6167:
6158:
6157:
6146:
6139:
6018:Vernon Cracknell
5998:W. A. C. Bennett
5983:William Aberhart
5927:Social Credit-NZ
5784:
5783:
5773:
5764:
5757:
5750:
5741:
5740:
5702:– online library
5547:
5546:
5528:
5522:
5521:
5505:
5495:
5486:
5485:
5483:
5477:. Archived from
5466:
5455:
5449:
5448:
5446:
5444:
5439:. Mondo Politico
5428:
5422:
5419:
5410:
5409:
5393:
5383:
5377:
5376:
5364:
5353:
5347:
5346:
5339:
5333:
5332:
5320:
5309:
5303:
5302:
5294:
5288:
5287:
5280:
5274:
5273:
5271:
5261:
5255:
5254:
5236:
5230:
5229:
5209:
5200:
5199:
5197:
5195:
5179:
5173:
5172:
5164:
5158:
5157:
5149:
5143:
5142:
5134:
5128:
5127:
5125:
5123:
5117:
5108:
5102:
5101:
5099:
5097:
5084:Glenbow Museum.
5081:
5075:
5074:
5073:on 20 June 2010.
5058:
5049:
5048:
5046:
5035:
5029:
5028:
5001:10.2307/25142941
4980:
4959:
4958:
4950:
4944:
4943:
4931:
4922:
4921:
4919:
4910:
4904:
4903:
4895:
4889:
4888:
4886:
4884:
4878:
4871:
4863:
4857:
4856:
4855:
4853:
4847:
4836:
4830:
4829:
4828:
4826:
4820:
4809:
4803:
4802:
4782:
4773:
4772:
4770:
4768:
4762:
4753:
4740:
4739:
4737:
4735:
4729:
4720:
4714:
4713:
4711:
4709:
4700:. Archived from
4690:
4684:
4683:
4682:on 22 July 2011.
4681:
4670:
4661:
4655:
4654:
4634:
4623:
4622:
4608:
4602:
4601:
4595:
4587:
4583:
4577:
4576:
4574:
4572:
4566:
4559:
4550:
4541:
4540:
4534:
4526:
4524:
4522:
4512:
4503:
4497:
4496:
4490:
4485:
4483:
4475:
4471:
4462:
4461:
4459:
4448:
4442:
4441:
4439:
4437:
4423:
4404:
4403:
4402:
4400:
4394:
4383:
4377:
4376:
4374:
4372:
4366:
4359:
4350:
4344:
4343:
4323:
4317:
4316:
4315:
4313:
4299:
4290:
4289:
4283:
4278:
4276:
4268:
4266:
4264:
4258:
4249:
4243:
4242:
4240:
4238:
4233:. Bank of Canada
4232:
4224:
4218:
4217:
4215:
4213:
4208:. Mondo Politico
4197:
4191:
4190:
4184:
4179:
4177:
4169:
4165:
4159:
4158:
4157:on 8 March 2016.
4153:. Archived from
4143:
4137:
4136:
4134:
4132:
4126:
4115:
4109:
4108:
4106:
4104:
4077:
4071:
4070:
4064:
4056:
4054:
4052:
4042:
4033:
4027:
4026:
4024:
4018:. Archived from
4007:
3996:
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3516:Literary figures
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3037:social dividends
2983:
2922:Great Depression
2914:William Aberhart
2912:, Canada led by
2878:Irish Free State
2862:Fabian socialism
2822:purchasing power
2803:purchasing power
2778:purchasing power
2727:American author
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1752:ticketing system
1747:insurance, etc.
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1505:self-development
1497:purchasing power
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1406:Critique of work
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536:Social ownership
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520:Common ownership
478:Common ownership
292:Closed (autarky)
249:State capitalism
227:Socialist market
212:Market socialist
48:Economic systems
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6707:Social credit
6705:
6704:
6702:
6687:
6684:
6682:
6679:
6677:
6674:
6672:
6669:
6667:
6664:
6662:
6659:
6657:
6654:
6652:
6649:
6647:
6644:
6642:
6639:
6637:
6634:
6633:
6631:
6627:
6617:
6616:Social credit
6614:
6612:
6609:
6607:
6604:
6602:
6599:
6597:
6594:
6592:
6591:Structuralist
6589:
6587:
6584:
6582:
6579:
6577:
6574:
6572:
6571:Public choice
6569:
6567:
6564:
6562:
6559:
6557:
6554:
6550:
6547:
6545:
6542:
6541:
6540:
6539:New classical
6537:
6535:
6534:Neoliberalism
6532:
6530:
6527:
6525:
6524:Neo-Ricardian
6522:
6520:
6517:
6515:
6512:
6508:
6505:
6504:
6503:
6500:
6494:
6491:
6489:
6486:
6485:
6484:
6481:
6479:
6476:
6472:
6469:
6468:
6467:
6464:
6463:
6462:
6459:
6457:
6456:Institutional
6454:
6452:
6449:
6447:
6444:
6442:
6439:
6437:
6434:
6432:
6429:
6427:
6424:
6422:
6419:
6417:
6414:
6410:
6407:
6406:
6405:
6402:
6400:
6397:
6395:
6392:
6390:
6387:
6385:
6382:
6381:
6379:
6371:
6365:
6362:
6358:
6355:
6354:
6353:
6350:
6348:
6345:
6343:
6340:
6338:
6335:
6333:
6330:
6328:
6325:
6323:
6320:
6318:
6315:
6313:
6310:
6308:
6305:
6303:
6300:
6298:
6295:
6291:
6288:
6287:
6286:
6283:
6281:
6278:
6276:
6273:
6271:
6268:
6267:
6265:
6263:
6259:
6253:
6250:
6248:
6245:
6243:
6240:
6238:
6235:
6234:
6232:
6230:
6226:
6223:
6219:
6213:
6212:Scholasticism
6210:
6208:
6205:
6203:
6200:
6199:
6197:
6193:
6189:
6182:
6177:
6175:
6170:
6168:
6163:
6162:
6159:
6147:
6142:
6140:
6135:
6134:
6131:
6125:
6122:
6120:
6117:
6115:
6112:
6111:
6109:
6105:
6099:
6096:
6094:
6091:
6089:
6086:
6084:
6081:
6079:
6076:
6074:
6073:Neil Morrison
6071:
6069:
6066:
6064:
6061:
6059:
6056:
6054:
6053:Norman Jaques
6051:
6049:
6046:
6044:
6043:John Hargrave
6041:
6039:
6036:
6034:
6031:
6029:
6026:
6024:
6023:C. H. Douglas
6021:
6019:
6016:
6014:
6013:RĂ©al Caouette
6011:
6009:
6006:
6004:
6001:
5999:
5996:
5994:
5993:Bruce Beetham
5991:
5989:
5986:
5984:
5981:
5980:
5978:
5974:
5964:
5961:
5959:
5956:
5954:
5951:
5949:
5946:
5945:
5943:
5939:
5933:
5930:
5928:
5925:
5923:
5920:
5918:
5915:
5913:
5910:
5908:
5905:
5903:
5900:
5899:
5897:
5893:
5887:
5884:
5882:
5879:
5877:
5874:
5872:
5869:
5867:
5864:
5862:
5859:
5857:
5854:
5852:
5849:
5847:
5844:
5842:
5839:
5837:
5834:
5832:
5831:New Democracy
5829:
5827:
5824:
5822:
5819:
5817:
5814:
5812:
5809:
5807:
5804:
5802:
5799:
5797:
5794:
5793:
5791:
5789:
5785:
5782:
5778:
5774:
5772:Social Credit
5765:
5760:
5758:
5753:
5751:
5746:
5745:
5742:
5736:
5732:
5729:
5727:
5724:
5722:
5719:
5717:
5714:
5712:
5709:
5707:
5704:
5701:
5698:
5696:
5693:
5691:
5688:
5686:
5683:
5681:
5678:
5676:
5673:
5671:
5668:
5666:
5664:
5659:
5657:
5655:
5650:
5648:
5646:
5641:
5640:
5632:
5628:
5627:
5623:
5621:
5617:
5616:
5612:
5610:
5606:
5605:
5601:
5600:
5592:
5591:0-8020-4148-5
5588:
5584:
5581:
5578:
5575:
5573:
5572:0-904656-06-3
5569:
5565:
5564:C. H. Douglas
5561:
5558:
5557:
5544:
5538:
5534:
5527:
5519:
5513:
5509:
5504:
5503:
5494:
5492:
5480:
5476:
5470:
5463:
5462:
5461:Social Credit
5454:
5438:
5437:Social Credit
5434:
5427:
5418:
5416:
5407:
5401:
5397:
5392:
5391:
5382:
5374:
5368:
5361:
5360:
5352:
5344:
5338:
5330:
5324:
5317:
5316:
5308:
5300:
5293:
5285:
5279:
5270:
5269:
5260:
5252:
5246:
5242:
5235:
5227:
5221:
5217:
5216:
5208:
5206:
5189:
5185:
5178:
5170:
5163:
5155:
5148:
5140:
5133:
5114:
5107:
5091:
5087:
5080:
5072:
5068:
5064:
5057:
5055:
5043:
5042:
5034:
5026:
5022:
5018:
5014:
5010:
5006:
5002:
4998:
4994:
4990:
4986:
4979:
4977:
4975:
4973:
4971:
4969:
4967:
4965:
4956:
4949:
4941:
4937:
4930:
4928:
4916:
4909:
4901:
4894:
4875:
4868:
4862:
4844:
4843:
4835:
4817:
4816:
4808:
4800:
4798:9780773520103
4794:
4790:
4789:
4781:
4779:
4759:
4752:
4750:
4748:
4746:
4726:
4719:
4703:
4699:
4695:
4689:
4678:
4674:
4667:
4660:
4652:
4646:
4642:
4641:
4633:
4631:
4629:
4620:
4616:
4615:
4607:
4599:
4593:
4582:
4563:
4556:
4549:
4547:
4538:
4532:
4516:
4509:
4502:
4494:
4481:
4470:
4468:
4456:
4455:
4447:
4431:
4430:
4422:
4420:
4418:
4416:
4414:
4412:
4410:
4391:
4390:
4382:
4363:
4356:
4349:
4341:
4335:
4331:
4330:
4329:Social Credit
4322:
4307:
4306:
4298:
4296:
4287:
4274:
4255:
4248:
4229:
4223:
4207:
4206:Social Credit
4203:
4196:
4188:
4175:
4164:
4156:
4152:
4148:
4142:
4123:
4122:
4114:
4099:
4093:
4089:
4085:
4084:
4076:
4068:
4062:
4046:
4039:
4032:
4021:
4017:
4011:
4004:
4003:
4002:Social Credit
3995:
3977:
3976:
3968:
3960:
3954:
3950:
3946:
3945:
3937:
3918:
3911:
3903:
3890:
3879:
3873:
3868:
3866:
3857:
3850:
3848:
3832:
3826:
3822:
3818:
3817:
3809:
3793:
3789:
3788:
3783:
3777:
3773:
3763:
3762:Welfare state
3760:
3758:
3757:Surplus value
3755:
3753:
3750:
3748:
3745:
3743:
3740:
3738:
3735:
3733:
3730:
3728:
3725:
3723:
3720:
3719:
3715:
3709:
3704:
3701:
3695:
3690:
3687:
3681:
3676:
3669:
3667:
3666:
3659:
3657:
3652:
3648:
3647:
3642:
3639:In his novel
3637:
3634:
3633:
3628:
3627:
3622:
3618:
3616:
3612:
3608:
3604:
3600:
3596:
3592:
3591:Bonamy Dobrée
3588:
3584:
3583:Storm Jameson
3580:
3579:Denis Ireland
3576:
3572:
3571:Aldous Huxley
3568:
3567:George Orwell
3564:
3560:
3559:Thomas Merton
3556:
3552:
3548:
3544:
3540:
3536:
3532:
3528:
3524:
3510:
3507:
3505:
3502:
3500:
3497:
3496:
3487:
3484:
3483:
3475:
3473:
3470:
3468:
3465:
3463:
3460:
3458:
3455:
3453:
3450:
3448:
3447:Country Party
3445:
3444:
3436:
3433:
3431:
3428:
3427:
3419:
3415:
3413:
3410:
3408:
3405:
3404:
3403:
3402:
3401:Organizations
3396:
3393:
3391:
3388:
3386:
3383:
3381:
3378:
3375:
3372:
3370:
3367:
3365:
3362:
3360:
3357:
3355:
3352:
3349:
3346:
3344:
3341:
3340:
3339:
3338:
3332:
3331:New Democracy
3329:
3327:
3324:
3322:
3319:
3317:
3314:
3312:
3308:
3305:
3303:
3302:
3298:
3296:
3292:
3289:
3288:
3287:
3286:
3275:
3272:
3270:
3267:
3266:
3255:
3253:
3249:
3245:
3241:
3237:
3233:
3228:
3226:
3225:Old Testament
3222:
3221:Social Credit
3218:
3214:
3204:
3202:
3201:Francis Bacon
3198:
3193:
3190:
3186:
3181:
3178:
3173:
3169:
3163:
3161:
3157:
3153:
3148:
3146:
3142:
3138:
3134:
3131:
3126:
3123:
3118:
3114:
3110:
3106:
3095:
3093:
3089:
3085:
3080:
3078:
3074:
3073:anti-Semitism
3070:
3066:
3062:
3059:
3054:
3050:
3040:
3038:
3034:
3030:
3026:
3021:
3019:
3015:
3010:
3006:
3001:
2999:
2995:
2991:
2990:Silvio Gesell
2987:
2986:Privy Council
2982:
2981:
2973:
2971:
2967:
2960:
2958:
2954:
2949:
2947:
2942:
2937:
2935:
2931:
2927:
2923:
2919:
2915:
2911:
2907:
2906:Social Credit
2897:
2895:
2891:
2887:
2886:Denis Ireland
2883:
2879:
2875:
2871:
2867:
2863:
2859:
2849:
2847:
2843:
2839:
2835:
2831:
2827:
2823:
2819:
2815:
2811:
2806:
2804:
2800:
2799:
2794:
2790:
2785:
2783:
2779:
2775:
2771:
2767:
2763:
2753:
2751:
2747:
2746:Social Credit
2743:
2738:
2734:
2730:
2729:Gorham Munson
2724:
2722:
2718:
2714:
2710:
2706:
2702:
2698:
2694:
2690:
2686:
2682:
2678:
2673:
2671:
2667:
2663:
2659:
2655:
2654:
2649:
2645:
2637:
2632:
2623:
2621:
2615:
2614:approached."
2612:
2611:British Isles
2608:
2604:
2600:
2596:
2592:
2587:
2585:
2581:
2580:secret ballot
2576:
2564:
2559:
2556:
2552:
2550:
2544:
2539:
2535:
2533:
2527:
2522:
2516:
2511:
2506:
2501:
2498:
2495:
2485:
2483:
2477:
2473:
2469:
2462:
2459:
2456:
2453:
2452:
2451:
2416:
2383:
2362:
2345:
2324:
2323:
2322:
2320:
2313:= production.
2312:
2309:
2306:
2303:
2300:
2297:
2296:
2295:
2273:
2270:
2263:
2260:
2255:
2252:
2242:
2238:
2230:
2226:
2221:
2208:
2205:
2198:
2195:
2190:
2187:
2177:
2173:
2165:
2161:
2156:
2144:
2141:
2138:
2126:
2125:
2124:
2121:
2119:
2115:
2114:balance sheet
2104:
2101:
2094:
2090:
2085:
2075:
2070:
2068:
2067:John Hargrave
2064:
2060:
2056:
2049:
2044:
2042:
2038:
2034:
2027:
2022:
2019:
2017:
2013:
2010:
2006:
2000:
1994:
1990:
1989:
1986:
1982:
1981:
1980:
1975:
1973:
1967:
1962:
1960:
1956:
1948:
1941:
1934:
1927:
1920:
1913:
1906:
1894:
1887:
1880:
1873:
1866:
1859:
1852:
1845:
1840:
1833:
1829:
1825:
1818:
1811:
1806:
1797:
1795:
1791:
1783:
1780:
1776:
1775:
1774:
1772:
1767:
1765:
1759:
1757:
1753:
1748:
1745:
1741:
1736:
1733:
1728:
1724:
1720:
1716:
1711:
1705:
1700:
1690:
1685:
1681:
1678:
1674:
1665:
1660:
1655:
1650:
1647:
1642:
1631:
1628:
1624:
1620:
1616:
1612:
1609:claimed that
1608:
1604:
1603:David Ricardo
1600:
1596:
1592:
1588:
1584:
1580:
1576:
1572:
1568:
1553:
1551:
1547:
1546:
1541:
1537:
1536:Silvio Gesell
1533:
1529:
1525:
1520:
1518:
1514:
1510:
1506:
1501:
1498:
1494:
1490:
1489:C. H. Douglas
1486:
1482:
1478:
1477:Social credit
1467:
1462:
1460:
1455:
1453:
1448:
1447:
1445:
1444:
1437:
1434:
1432:
1429:
1427:
1424:
1422:
1419:
1417:
1414:
1412:
1409:
1407:
1404:
1403:
1397:
1396:
1388:
1385:
1383:
1380:
1378:
1375:
1373:
1370:
1368:
1365:
1363:
1360:
1358:
1355:
1353:
1350:
1348:
1347:New Caledonia
1345:
1343:
1340:
1338:
1335:
1333:
1330:
1328:
1325:
1323:
1320:
1318:
1315:
1313:
1310:
1308:
1305:
1303:
1300:
1299:
1295:
1290:
1289:
1281:
1278:
1276:
1273:
1271:
1268:
1266:
1263:
1261:
1258:
1256:
1253:
1251:
1248:
1246:
1245:Overtime bans
1243:
1241:
1238:
1236:
1233:
1229:
1226:
1224:
1221:
1220:
1219:
1216:
1214:
1211:
1209:
1206:
1205:
1201:
1200:Strike action
1196:
1195:
1185:
1182:
1180:
1177:
1176:
1174:
1172:
1169:
1167:
1164:
1162:
1159:
1158:
1155:
1150:
1149:
1141:
1138:
1136:
1135:Unfree labour
1133:
1131:
1128:
1126:
1123:
1121:
1118:
1116:
1113:
1111:
1108:
1106:
1103:
1101:
1098:
1096:
1095:Paid time off
1093:
1091:
1088:
1086:
1083:
1081:
1078:
1076:
1073:
1071:
1068:
1066:
1063:
1061:
1060:Four-day week
1058:
1056:
1053:
1051:
1048:
1046:
1043:
1041:
1038:
1036:
1033:
1031:
1028:
1026:
1023:
1021:
1018:
1017:
1013:
1012:Labour rights
1008:
1007:
997:
994:
992:
989:
987:
986:Union busting
984:
982:
979:
977:
974:
972:
969:
967:
964:
962:
959:
957:
954:
952:
949:
947:
944:
942:
939:
937:
934:
932:
929:
927:
924:
923:
921:
920:
917:
912:
911:
907:
903:
902:
899:
894:
893:
889:
883:
882:
872:
867:
865:
860:
858:
853:
852:
850:
849:
844:
839:
834:
833:
832:
831:
824:
821:
819:
816:
814:
811:
809:
806:
804:
801:
799:
798:Post-scarcity
796:
794:
791:
789:
786:
784:
781:
779:
776:
774:
771:
769:
766:
764:
761:
759:
756:
754:
751:
749:
746:
744:
743:Expeditionary
741:
739:
736:
735:
729:
728:
719:
716:
714:
711:
709:
706:
705:
704:
701:
699:
696:
692:
689:
687:
684:
682:
679:
677:
674:
673:
672:
669:
665:
662:
660:
657:
655:
652:
651:
650:
647:
645:
642:
641:
635:
634:
625:
622:
621:
620:
619:Socialization
617:
615:
614:Privatization
612:
610:
607:
605:
604:Mutualization
602:
600:
597:
595:
594:Marketization
592:
590:
587:
585:
582:
580:
579:Expropriation
577:
575:
572:
570:
567:
565:
562:
560:
559:Communization
557:
555:
552:
551:
545:
544:
537:
534:
532:
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295:
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254:Social credit
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133:Social market
131:
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128:Protectionist
126:
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6373:Contemporary
6352:Neoclassical
6297:Distributist
6242:Mercantilism
6229:Early modern
6093:Ken Sweigard
6078:Al Overfield
5806:Canada Party
5770:
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3815:
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3785:
3776:
3732:Distributism
3722:Basic income
3662:
3660:
3644:
3640:
3638:
3630:
3624:
3619:
3614:
3610:
3595:Eric de Maré
3575:Ray Bradbury
3563:Herbert Read
3523:C. M. Grieve
3519:
3400:
3399:
3336:
3335:
3326:Canada Party
3299:
3284:
3283:
3251:
3247:
3232:abstractions
3229:
3220:
3213:antisemitism
3210:
3194:
3185:metaphysical
3182:
3164:
3160:Henry George
3149:
3127:
3113:Jesus Christ
3101:
3081:
3068:
3046:
3031:and various
3022:
3011:
3008:
3003:
2975:
2962:
2950:
2945:
2938:
2917:
2903:
2880:promoted by
2870:wage slavery
2855:
2807:
2796:
2786:
2759:
2749:
2745:
2732:
2725:
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2680:
2676:
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2658:Alfred Orage
2651:
2641:
2620:party system
2616:
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2557:
2553:
2546:
2541:
2536:
2528:
2524:
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2514:
2509:
2503:
2499:
2494:J. M. Keynes
2491:
2478:
2474:
2470:
2466:
2449:
2404:credit
2316:
2310:
2304:
2298:
2293:
2122:
2110:
2096:
2091:
2087:
2082:
2072:
2051:
2046:
2029:
2024:
2020:
2002:
1997:
1992:
1984:
1977:
1971:
1969:
1964:
1957:, edited by
1954:
1952:
1943:
1936:
1929:
1922:
1915:
1908:
1897:
1882:
1875:
1868:
1861:
1854:
1847:
1843:
1831:
1827:
1820:
1813:
1809:
1787:
1779:centralizing
1768:
1760:
1749:
1737:
1722:
1721:in his book
1696:
1687:
1682:
1679:
1676:
1672:
1662:
1657:
1652:
1637:
1564:
1543:
1521:
1502:
1481:distributive
1476:
1475:
1280:Work-to-rule
1154:Trade unions
1125:Six-hour day
1110:Right to sit
1075:Minimum wage
1025:Child labour
1020:Annual leave
946:New unionism
708:Peer-to-peer
703:Self-managed
638:Coordination
574:Deregulation
259:Distributist
253:
113:Mercantilist
32:
6596:Supply-side
6519:Neo-Marxian
6332:Marginalism
6262:Late modern
6247:Physiocrats
6098:John Turmel
6038:Ron Gostick
6033:A. N. Field
6008:Eric Butler
5122:27 February
5096:27 February
4995:: 123–152.
4883:11 December
4852:28 February
4825:28 February
4698:Simple Text
4673:The New Age
4571:11 December
4515:The New Age
4436:12 November
4399:28 February
4371:18 December
4312:28 February
4263:28 February
4237:28 February
4212:27 February
4131:18 December
4103:11 December
4045:The New Age
3985:28 February
3926:27 February
3836:12 November
3798:6 September
3555:Dorothy Day
3547:T. S. Eliot
3543:C. S. Lewis
3441:New Zealand
3244:collectives
3133:sovereignty
3105:Incarnation
3092:New Zealand
2980:ultra vires
2874:Sidney Webb
2842:aristocracy
2814:consumption
2782:engineering
2737:New Zealand
2662:The New Age
2653:The New Age
1921:. Payments
1896:Cumulative
1860:. Payments
1641:Old English
1526:, with the
1377:South Korea
1357:Netherlands
1352:New Zealand
981:Syndicalism
951:Proletariat
931:Decent work
813:Traditional
763:Manorialism
758:Information
732:Other types
718:Open access
681:Cybernetics
423:Anglo-Saxon
408:Singaporean
367:Underground
362:Subsistence
267:Corporatist
242:Syndicalist
202:Communalist
88:Associative
82:By ideology
55:Major types
6701:Categories
6576:Regulation
6502:Monetarism
6488:Circuitism
6436:Ecological
6404:Chartalism
6384:Behavioral
6327:Manchester
6322:Malthusian
6280:Birmingham
6237:Cameralism
6221:Modern era
6195:Pre-modern
6083:Ezra Pound
6068:Roly Marks
6028:Louis Even
5631:Ezra Pound
5626:The Cantos
3535:Ezra Pound
3416:See also:
3238:, such as
3098:Philosophy
3058:right wing
3025:socialists
2882:Maud Gonne
2846:accredited
2826:production
2810:production
2664:and later
2595:common law
2575:ballot box
2350:cost
1599:Adam Smith
1426:Labour law
1235:Green bans
1228:newspapers
1120:Sick leave
1115:Sabbatical
818:Transition
778:Plantation
686:Indicative
548:Transition
398:East Asian
169:Religious
145:Democratic
118:Neoliberal
103:Democratic
93:Capitalist
61:Capitalism
6651:Economics
6586:Stockholm
6461:Keynesian
6426:Cracovian
6375:(20th and
6364:Socialist
6347:Mutualism
6290:Ricardian
6285:Classical
5780:Movements
5025:143059425
5009:0700-3862
4592:cite news
4531:cite news
4061:cite news
3263:Australia
3197:Aristotle
3152:theocracy
3137:salvation
3065:red scare
3033:communist
2793:consumers
2770:dividends
2638:, Canada.
2591:supremacy
2532:Say's law
2428:$
2411:$
2395:$
2378:$
2363:⋅
2357:$
2340:$
2222:∫
2157:∫
2145:⋅
2118:aggregate
2065:, led by
2059:trade war
2033:clearings
2009:deductive
2005:empirical
1991:Group B:
1983:Group A:
1762:we call '
1607:Karl Marx
1372:Singapore
1327:Hong Kong
1302:Australia
1055:Equal pay
976:Communism
971:Socialism
783:Plutonomy
664:Regulated
493:Voluntary
419:European
272:Feudalism
217:Mutualist
207:Communist
197:Socialist
178:Christian
98:Corporate
71:Communism
66:Socialism
6676:Degrowth
6611:Virginia
6451:Freiburg
6446:Feminist
6399:Carnegie
6389:Buddhist
6357:Lausanne
6312:Georgism
6275:Austrian
6145:Politics
6138:Category
5017:25142941
4521:8 August
4051:14 March
3792:Archived
3672:See also
3656:interest
3511:(active)
3488:(active)
3376:(active)
3350:(active)
3156:fig tree
3139:through
3130:immanent
3122:religare
3061:populist
2996:. These
2789:bankrupt
2766:salaries
2672:Series.
2584:Barabbas
2037:deposits
1794:services
1790:abstract
1771:scarcity
1715:deposits
1591:progress
1513:fig tree
1367:Portugal
1307:Barbados
1265:Walkouts
1240:Lockouts
1090:Overwork
941:Timeline
887:a series
884:Part of
671:Planning
322:Informal
307:Dirigist
160:Georgist
155:Feminist
40:a series
38:Part of
6629:Related
6416:Chicago
6107:History
5895:Oceania
5443:1 March
5286:. 1945.
5194:1 March
4708:1 March
3424:Ireland
2984:by the
2953:Premier
2910:Alberta
2818:capital
2756:Origins
2626:History
2482:freedom
2319:capital
2012:theorem
2003:Beyond
1955:New Age
1732:credere
1704:pecunia
1583:capital
1332:Ireland
1322:Georgia
713:Sharing
676:In kind
624:Marxist
516:Commons
483:Private
472:Sectors
443:Rhenish
413:Keralan
403:Chinese
377:Virtual
357:Sharing
347:Planned
337:Natural
302:Digital
190:Islamic
150:Fascist
138:Welfare
6507:Market
5976:People
5941:Europe
5788:Canada
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3088:Quebec
3047:Under
2998:scrips
2450:where
2294:where
1727:credit
1623:prices
1579:labour
1517:Utopia
1387:Sweden
1362:Norway
1337:Israel
1312:Brazil
1213:Hartal
773:Palace
649:Market
644:Barter
488:Public
448:Soviet
433:Nordic
428:German
394:Asian
327:Market
6483:Post-
5629:, by
5618:, by
5607:, by
5562:, by
5482:(PDF)
5465:(PDF)
5363:(PDF)
5319:(PDF)
5116:(PDF)
5045:(PDF)
5021:S2CID
5013:JSTOR
4918:(PDF)
4877:(PDF)
4870:(PDF)
4846:(PDF)
4819:(PDF)
4761:(PDF)
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4680:(PDF)
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4231:(PDF)
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4041:(PDF)
4023:(PDF)
4006:(PDF)
3979:(PDF)
3920:(PDF)
3768:Notes
3109:Canon
2762:wages
1710:pecus
1643:word
1619:costs
1615:value
1479:is a
1342:Malta
1223:Bandh
823:World
808:Token
698:Price
438:Dutch
332:Mixed
237:State
165:Green
6466:Neo-
5587:ISBN
5568:ISBN
5537:ISBN
5512:ISBN
5469:ISBN
5445:2008
5400:ISBN
5367:ISBN
5323:ISBN
5245:ISBN
5220:ISBN
5196:2008
5124:2008
5098:2008
5005:ISSN
4885:2008
4854:2008
4827:2008
4793:ISBN
4769:2023
4736:2023
4710:2008
4645:ISBN
4598:link
4573:2008
4537:link
4523:2010
4493:help
4438:2008
4401:2008
4373:2008
4334:ISBN
4314:2008
4286:help
4265:2008
4239:2008
4214:2008
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4105:2008
4092:ISBN
4067:link
4053:2008
4010:ISBN
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3928:2008
3902:help
3838:2008
3825:ISBN
3800:2021
3605:and
3199:and
2768:and
2699:and
2016:flow
1942:and
1881:and
1819:and
1646:wela
1621:and
1605:and
1581:and
1575:land
1317:Fiji
1184:WFTU
1179:ITUC
659:Open
654:Free
342:Open
317:Gift
312:Dual
6478:New
5508:105
4997:doi
4940:RTÉ
3020:.)
2812:is
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1932:n-1
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1946:n
1944:B
1939:n
1937:A
1930:B
1925:n
1923:A
1918:n
1916:A
1911:n
1909:B
1904:n
1900:n
1898:A
1885:n
1883:B
1878:n
1876:A
1869:B
1864:n
1862:A
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