| Subject: | Re: [socialcredit] the accounting model | | Date: | Saturday, September 10, 2005 13:49:15 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
There is no question whatsoever that Douglas was
developing what he and his colleagues working in a
similar direction called "an accounting method of
analysis."
This is from Part II Chapter II of *Social Credit*:-
[Douglas]...It may be noted that both in Europe and
America, there are numerous endeavours being made, and
theories propounded, to explain this fact; which was,
until recently, denied as a fact. The foreword to a
work by H. B. Hastings,* published in America,
remarks:
"By an accounting method of analysis, the conclusion
is reached that the value, at the current retail
price-level, of goods produced far exceeds the flow of
purchasing-power from permanent sources. In other
words, recurring periods of business depression are
shown to be the result of present financial and
business policies.
"The importance of this new method of approach to the
most important of modern economic problems is
self-evident."
* "Costs and Profits."
--------------
--- Triumphofthepast@aol.com wrote:
> Bill has suggested that the National Credit Account
> is modeled on the capital
> account of a single business. The National Dividend
> would then be analogous
> to drawings or dividends.
[snipped]
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