What economic theory was originated by Major C H Douglas?
C. H. Douglas in Fearnan, Scotland. Douglas and his theories are referred to several times (unsympathetically) in Lewis Grassic Gibbon's trilogy "A Scots Quair". He is also mentioned, together with Karl Marx and Silvio Gesell, by John Maynard Keynes in "The General Theory of Employment, Interest, and Money" (1936, p. 32). Douglas's theories permeate the poetry and economic writings of Ezra Pound. Robert Heinlein's first novel "" describes a near future United States operating according to the principles of Social Credit. C. H. Douglas Major Clifford Hugh "C. H." Douglas MIMechE, MIEE (20 January 1879 – 29 September 1952), was a British engineer
C. H. Douglas Corps. It was while he was reorganising the work of the Royal Aircraft Establishment during World War I that Douglas noticed that the weekly total costs of goods produced was greater than the sums paid to workers for wages, salaries and dividends. This seemed to contradict the theory of classic Ricardian economics, that all costs are distributed simultaneously as purchasing power. Troubled by the seeming difference between the way money flowed and the objectives of industry ("delivery of goods and services", in his view), Douglas set out to apply engineering methods to the economic system. Douglas collected data from more