Purpose – This article attempts to unravel the ways in which New Labour's economic and social policies differ from those of previous Conservative and Labour administrations. Design/methodology/approach – The article analyses Treasury documents, which outline the philosophy underpinning the...

The paper argues that, in contemporary market economies, most production is debt financed. In order to pay off these debts, there is a necessity for economic growth that results in enormous waste of human effort and a misuse of the earth's resources. The Douglas-Orage Social Credit analysis,...