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Social Credit Economics

"Most comprehensive review of Douglas Social Credit perhaps ever authored!"

     The author has meticulously gathered the essential ideas of Social Credit as advanced originally by Clifford Hugh Douglas and put them between two covers where they can be readily accessed by students and interested parties. This book should readily qualify as an authoritative text for academics, students and public policy makers. It presents the most realistic analysis of modern financial civilization, its core inherent defect--a growing deficiency of effective consumer purchasing-power necessitating the exponential growth of financial debt--and offers the appropriate remedial measures, being primarily a progressive issue of consumer credits, originating without being accounted as debt and taking the form of universal consumer dividends and compensated retail prices to effect a falling general price-level. A brilliant compilation of essential information that should be read and studied by every responsible citizen.

                                                                                                                                                                    Wallace Klinck

 

     By presenting the key economic ideas of Major Clifford Hugh Douglas (1879-1952) in a clear, systematic, and comprehensive fashion, this work constitutes an academic standard of reference for those who wish to obtain a more advanced understanding of Social Credit economics. It is divided into three parts covering Douglas' diagnosis regarding the nature and cause of economic dysfunction in the modern, industrialized world, his prognosis, including an evaluation of the conventional methods of macroeconomic management, and, finally, his remedial principles and proposals. Just as Douglas' analysis goes to the very heart of what is structurally wrong with the financial and economic systems of contemporary civilization, Social Credit Economics effectively captures and distills the essence of his economic thought, rendering it more easily accessible to the broadly educated and reflective reader.

 

     The book is available on-line through the amazon network in the following countries:

     Canada

     France

     Germany

     India

     Italy

     Japan

     Spain

     The United Kingdom

     The United States

 

     It is also available in most other countries through Createspace's extended distribution network, for example, via Bookdepository.com: Book Depository.

Latest Articles

  • Social Credit and Democracy: The Problem - Part Three
    Thus far in this series of articles exploring the relationship between Social Credit and democracy, we have seen that conventional ‘democracy’ suffers from a large number of design faults which vitiate it and render it ineffective. That would be bad enough, but Douglas goes one step further and claims that the ineffective mechanisms of conventional ‘democracy’ provide the best possible cover for the operations of a hidden dictatorship. Not only do they provide the best possible cover, but the same mechanisms which are ineffective from the point of view of fulfilling the true purpose of political association can be rendered most effective (by being cleverly manipulated) for the purpose of fulfilling an alternative policy-objective, one that is imposed by an agency that is external to the elected ‘government’.
    Tuesday, 18 September 2018 22:58 Read more...
  • Financial Credit as a Merit Good
    The debt­-finance system, by generating a chronic insufficiency of purchasing power, thereby requiring increased borrowing (in lieu of large trade surpluses) if economic activity is not to grind to a halt, causes the State ­ with its great, almost unlimited capacity to borrow, thanks to its power to tax (i.e. creditors are eager to lend to it in the knowledge that it will always have a means to pay them back), to expand its role in the economy. Thus, as society finds its purchasing power increasingly insufficient to satisfy its requirements, the State steps in, with its role becoming larger and larger as it fills the growing gap. Caught unawares by these developments, which they were utterly incapable of anticipating, economists scrambled to come up with theories explaining ­ and indeed, justifying ­ such extensive government intervention.
    Wednesday, 29 August 2018 14:16 Read more...
  • Visualizing the Gap
    The central contention of the Social Credit critique of contemporary economic management (or rather mismanagement) is the existence of a gap between prices and incomes in the operation of any modern economy - i.e. an economy based on debt-finance and multi-stage, mechanized production. This underlying deficiency of purchasing power, makes it impossible to liquidate the costs of production without resorting to increased debt and/or a large trade surplus - since prices cannot fall below costs without putting the continued operation of an enterprise in peril, (unless it can rely on direct or indirect government support). Furthermore, the critique contends that this gap is bound to grow as the economy becomes more sophisticated - i.e. as production involves more and more stages, and use of machinery increases - entailing spiralling debt and increasing trade tensions if the necessary financial remedies are not applied.
    Tuesday, 28 August 2018 13:37 Read more...