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Douglas' theory of social credit has been disputed and rejected by most economists and bankers. Prominent economist John Maynard Keynes references Douglas's ideas in his book The General Theory of Employment, Interest and Money, [7] but instead poses the principle of effective demand to explain differences in output and consumption.
Idiosyncrasy credit [1] is a concept in social psychology that describes an individual's capacity to acceptably deviate from group expectations. Idiosyncrasy credits are increased (earned) each time an individual conforms to a group's expectations, and decreased (spent) each time an individual deviates from a group's expectations.
In the Philippines, there are employers' confederations to lobby the protection of firm owners; they also represents the business sector and employers in the country. The most widely known is the Employers' Confederation of the Philippines, which is leads as the voice of the employers in labor management and socioeconomic development. [43]
C. H. Douglas, founder of the Social Credit-theory. Photo taken in Edmonton, Alberta, Canada, 1934. In the years around 1920 the British engineer C. H. Douglas developed a theory on banking and welfare distribution, a theory which he called "Social Credit", and which soon became the cornerstone of an international movement with the same name.
Social credit parties (2 C, 10 P) S. Social crediters (6 C) Pages in category "Social credit" The following 2 pages are in this category, out of 2 total.
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Social credit is an example of China's "top-level design" (顶 层 设计) approach. It is coordinated by the Central Comprehensively Deepening Reforms Commission. [14] Social credit when referred by the Chinese government, generally covers two different concepts.
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