ABSTRACT
The relegation of social credit to a footnote in the history of economic thought is
accurate only to the extent that ‘economic thought’ is defined as the principles
accepted by mainstream orthodoxy, i.e. of capitalism. Social credit has a separate
history as a school of economic thought of the common people, encapsulating
resistance to the economics of exploitation. The main events associated with the
history of the social credit movement in Canada during the 1930s have been
extensively documented (see Douglas 1937; McCarthy 1947; Mallory 1954; Irving
1959; Macpherson 1962; Finlay 1972; Sinclair 1972; Finkel 1989). This chapter
focuses upon the social credit movement in the United Kingdom.
