Douglas, Clifford Hugh

Douglas, Clifford Hugh,

1879–1952, English engineer and social economist, educated at Cambridge. Author of the economic theory of Social CreditSocial Credit,
economic plan in Canada, based on the theories of Clifford Hugh Douglas. The central idea is that the problems fundamental to economic depression are those of unequal distribution owing to lack of purchasing power.
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, he became (1935) chief reconstruction adviser to the Social Credit government of Alberta, Canada, but, differing with some of its policies, he shortly resigned. His books include Economic Democracy (1920), Social Credit (1924), The Monopoly of Credit (1931), The Use of Money (1935), and The Alberta Experiment: An Interim Survey (1937).
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