Development and Underdevelopment in the History of Economic Thought

Frederick Soddy and Clifford Hugh "C. H." Douglas - the economic ideas of truly original thinkers and their hugely undervalued and misunderstood contribution to our discipline in crisis.

Stoyanov Peter, UNWE

This study focuses on the unrecognized contribution and the consequences of ignoring the economic ideas of the great British technocrats from the first half of the XXth Century - Frederick Soddy and Clifford Hugh "C. H." Douglas. One huge gap in knowledge and misunderstanding which according to the author turned out to be essential and instrumental for the dangerously growing inadequacy of the economic thought during the XXth and XXIth centuries.

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Keywords: Frederick Soddy, Clifford Hugh "C. H." Douglas, Entropy, Amortization, Wealth, Debt