In The General Theory, Keynes suggests that Douglas expressed mere
mysticism. No doubt Keynes was well aware of the actual nature of the A
+ B Theorem. He chose not to challenge the system. Beatrice and Sydney
Webb, fellow Fabian Socialists, had said that they were not concerned
about the
With reference to diagram-1 attached also archived at
http://www.geocities.com/socredus/diagram-1.jpg
Every firm is individually making A1 payments and B
payments, the totality [see note 1] of which are
becoming translated into consumer income (A1 + A2).
Consumers are receiving A1
There are times when I think I have the A + B theorem, and then I lose it
again. It becomes very confusing to a non-academic, but that shouldn't be so
because it affects us all equally. Can I just ask a couple of questions?
1. Supposing that new credit (new money) is authorised or issued only
