The Solution of Unemployment

"The Solution of Unemployment; Or, the Postulates and Implications of the Social Credit Theorem of Major C.H. Douglas" is a rigorous exploration of economic reform designed to address the systemic crises of the early 20th century. Written by William Holmes Wakinshaw, this work delves into the fundamental principles of Social Credit, a movement that sought to rectify the failures of the global financial system during the period following the First World War.

The book meticulously examines the relationship between consumption, production, and the distribution of wealth. Wakinshaw argues that chronic unemployment is not merely a byproduct of industrial shifts but a direct consequence of a flawed monetary framework that fails to distribute purchasing power effectively. By unpacking Major C.H. Douglas's theories, the author presents a compelling case for credit reform and the implementation of a national dividend to bridge the gap between productive capacity and public need.

This scholarly treatise remains a significant historical document for readers interested in heterodox economics, monetary history, and the evolution of social welfare theories. It provides a unique window into the intellectual debates of the 1920s, offering a radical alternative to both traditional capitalist and socialist models. "The Solution of Unemployment" is essential reading for anyone studying the history of economic thought and the persistent quest for a more stable and equitable financial order.

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