AN ENCYCLOPAEDIA OF THE NEW ECONOMICS IN TWELVE VOLUMES



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Volume 1.

A Preliminary Consideration of the Nature and Sources of Money.

               A fallacy prevalent yet
               Is to think that the money we get
                 Is based upon gold:

                 It's not. What we hold
               Is deposit, created by debt.,

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Volume 2.

In which is discussed the Problem of Monetary Expansion in Relation to Prices.

               Additional money about

               Would increase our well-being, no doubt,
                 Did not price levels rise
                 With the money supplies
               And cancel the benefit out.

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Volume 3.

A Disquisition upon the Policy of Monetary Contraction, and its Salutary Effect upon the Character of the Common People.

               How good for the soul in distress!
               Whenever our trade's in a mess
                 Because of deflation
                 We find consolation
               In knowing that coffins cost less.

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Volume 4.

Wherein is Observed the Subordination of Democracy to Plutocratic Domination.

               The people still flock to the poll
               And think they have final control,
                 But really they dance
                 To the tunes of Finance,

               And solace themselves with the dole.

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Volume 5.

A Dissertation upon Gold as the Basis of the Modern Monetary System.

               The phrase "a gold basis" we feel
               Is likely the truth to conceal,

                 For Money is Credit
                 (McKenna has said it)
               And the basis of credit is real.

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Volume 6.

An Examination of the Causes of Industrial Stagnation.

               Though Science has come to Man's aid

               And all that he needs can be made
                 The cunning device
                 That all costs enter price
               Ensures that the price can't be paid.

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Volume 7.

An Investigation into the Problem of Surplus Production and its Disposal.

               Although we produce more and more
               We merely keep adding to store,
                 Till at last we destroy
                 What we cannot enjoy
               By the time-honoured method of War.

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Volume 8.

An Inquiry into the Application of Scientific Methods in Industrial Processes, and the Consequent Displacement of Human by Solar Energy.

               Machines do our labour today -
               "Advancement of Science" they say,
                 But where is the pleasure

                 In hours of leisure
               When freedom from toil means no pay?

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Volume 9.

In which are examined the Philosophic Implications of Certain Proposals for the Proper Utilization of the National Credit.

               If means of production expand
               And leisure is ours to command,

                 Why base on employment
                 The right to enjoyment
               Of things that await our demand?

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Volume 10.

An Explanation of the Underlying Principles of Social Credit.

(1).  The Compensated Price.

               Says Science "Come, take my advice,
               "Don't pay for your benefits twice:
                 "Pay only the cost
                 "Of the goods that are lost
               "In obtaining them. That's the Just Price." 

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Volume 11.

An Explanation of the Underlying Principles of Social Credit.

(2).  Dividends for all.

               Not only by profit or wage
               Should men live, but each sinner and sage
                 Should receive the full share

                 That is his as co-heir
               Of the wonderful race heritage.

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Volume 12.

A Refutation of the Alleged Impracticability of Applying Social Credit Principles to the Financial System of a Single Community.

               Although in the main one agrees
               Gold is useful for trade overseas,

                 Internal exchange
                 We can surely arrange
               On whatever sound basis we please.

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