Letters: Apr. 21, 1930

A + B Theorem


Your recent references to A. R. Orage have greatly interested admirers of his trenchant critical pen in his old New Age days. One of the high spots of his editorship of that weekly was the sponsoring and of the the forcing Douglas "Social Credit Movement" and the forcing into spectacular journalistic combat of the famous economic " A plus B" Theorem. This latter declares that the total purchasing power of the community only secured by way of wages, salaries and dividends, is, under the present cost-accounting system, insufficient to...

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