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.

Errata slip inserted. Includes bibliographical references and indexes.

Louis Even began to make Social Credit known in French Canada in 1935. In 1946, Louis Even published his marvellous book Sous le Signe de l'Abondance (In This Age of Plenty). The implementation of the principles expressed in this book would give peace and justice to the world. The clear and simple explanations make it easy for anyone to grasp Social Credit, even by people who have no prior knowledge of economics. Major Clifford Hugh Douglas, the founder of the Social Credit movement in the United Kingdom, asserted that Louis Even was the one who understood and expressed his thoughts the best. Fifty years later, in 1996, Louis Even's book was translated into English. In 1993, a translation into Polish was published and received a blessing from Pope John Paul II. The book is promoted by the Pilgrims of Saint Michael's Michael Journal out of Rougemont, Quebec, Canada - "a journal of Catholic patriots for the Social Credit monetary reform through the education of the population and not through political parties." In 1935, the provincial Alberta Social Credit party under William Aberhart won a landslide victory in the provincial elections, "on a platform of Christian leadership and reform of the monetary system - an alliance of God and Mammon." At the height of the Great Depression, in 1936, the Alberta legislature passed the Alberta Social Credit Acts to establish a Credit House and issue Alberta Credit in order to utilize "the unused capacity of the industries and people of the province of Alberta to produce wanted goods and services" and thus stimulate productive capacity that lay idle for lack of bank credit. At the "alarmed insistence of the chartered banks," writes Mallory, the liberal Dominion government in Ottawa under Prime Minister W.L. Mackenzie King referred certain parts of the legislation to the Supreme Court of Canada, rather than recommending disallowance to the Governor General.On March 4, 1938, the Supreme Court ruled that the power to create money and regulate banking was ultra vires (beyond the powers) of the provincial legislature of Alberta as its subject matter is embraced within section 91 of the British North America Act, the Constitution. The SCC's interesting reasons for judgment are reproduced in the Appendix of this book.

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

Economists assume that people make choices based on their preferences and their budget constraints. The preferences and values of others play no role in the standard economic model. This feature has been sharply criticized by other social scientists, who believe that the choices people make are also conditioned by social and cultural forces. Economists, meanwhile, are not satisfied with standard sociological and anthropological concepts and explanations because they are not embedded in a testable, analytic framework. In this book, Gary Becker and Kevin Murphy provide such a framework by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals. Using this approach, the authors are able to explain many puzzling phenomena, including patterns of drug use, how love affects marriage patterns, neighborhood segregation, the prices of fine art and other collectibles, the social side of trademarks, the rise and fall of fads and fashions, and the distribution of income and status.

"Social Credit Philosophy" is, above all, a reference text for serious students of the thought of Major Clifford Hugh Douglas. Based on a close reading of the source material, it is a reconstruction of Douglas' general philosophical orientation and, more specifically, of his important contributions to the field of social philosophy. Understanding the philosophy behind Social Credit is a prerequisite for obtaining a proper and complete comprehension of Douglas' economic and political ideas.