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Political Economy of the Social Credit Movement

Author

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  • Petar Stoyanov

    (University of National and World Economy, Sofia, Bulgaria)

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.

Suggested Citation

  • Petar Stoyanov, 2018. "Political Economy of the Social Credit Movement," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 327-338, July.
    • Handle: RePEc:nwe:natrud:y:2018:i:3:p:327-338
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    More about this item

    Keywords

    social credit; chronic deficiency of purchasing power; unpayable debt;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals

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