Political Economy of the Social Credit Movement

Petar Stoyanov ()
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Petar Stoyanov: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2018, issue 3, 327-338

Abstract: In times of crisis and recession conventional economic thought usually starts to lose its value in favor of unorthodox thinkers for solutions. Giving the pressing severity of unsolved socio-economic problems this paper analyses the ideas and contributions of the great British engineer, and political economist Clifford Hugh Douglas. Clarifying the reasons why he has been misunderstood, ignored, and even censored, his theories concerning money, debt, deficiency of purchasing power and economic democracy are presented and opposed to the dominant schools of economic thought.

Keywords: social credit; chronic deficiency of purchasing power; unpayable debt (search for similar items in EconPapers)
JEL-codes: B1 B2 B26 B3 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2018:i:3:p:327-338

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