Arthur Kitson (6 April 1859, London – 2 October 1937) was a British monetary theorist and inventor.
Early life
Arthur Kitson, ME, was born in London, England. He was the fourth son of James Kitson of London, and cousin of Sir James Kitson, Baronet. Arthur was educated by private tutors and at King's College, London, where he won the Whitworth scholarship in a competitive examination, being second out of 600 contestants. He came to the United States immediately after college, and worked for the Baldwin Locomotive Company of Philadelphia.
He married Fannie Ernestina Aschenbach in Spring Garden, Philadelphia on 25 March 1886. They had seven children but eventually divorced.
Kitson was the managing director of the Kitson Empire Lighting Company of Stamford, Lincolnshire, and he held many patents.
In 1901, he invented the vaporised oil burner. The fuel was vaporised at high pressure and burned to heat the mantle, giving an output of over six times the luminosity of traditional oil lights. This device was later improved by David Hood at Trinity House.
Banking research
Kitson was invited to contribute to the Cunliffe Committee on Currency and Foreign Exchange Rates in January 1919. In place of oral testimony, he published his criticism at his own expense and furnished copies to every member of the committee. He later formed the Economic Freedom League with Frederick Soddy and was active in this venture through the 1920s.
Later life
He was declared bankrupt in 1925.
Kitson's antisemitism and fascism
Kitson became convinced Jewish bankers were the cause of his bankruptcy and most of the world's miseries. He sent Ezra Pound a copy of The Protocols of the Elders of Zion even before Pound changed from a money radical to a notorious anti-Semite.
By the time of his death in 1937, Arthur Kitson was the second most influential fascist in Britain, the first being Oswald Mosley. In his late years he was brought to Germany to consult with Nazi Party economists.
The Great Pacifist Conspiracy!: A Warning and an Appeal to the British Public. Dolby, 1918.
Money Problems: A Discussion of the Basis of our Monetary and Credit Institutions with Suggestions for the Establishment of a Scientific Currency System. Dolby Brothers, 1920.
A Modern Pilgrim's Progress. Oxford: Alden Press, 1935.
Published under pseudonym "A Fellow Pilgrim".
Pamphlets
Usury (Payment for the Use of Things): The Prime Cause of Want and Unemployment. s.n., 1910.
Is a Money Crisis Imminent?: Being the Lecture Delivered under the Auspices of the Banking and Currency Reform League at the New Reform Club, 1 November. Commercial Intelligence Publ. Co., 1911.
England's Trade Barrier! The Bank Charter Act: An Address Delivered to the Members of the Birmingham Chamber of Commerce, at the Grand Hotel, Birmingham, 17 December 1917. Hudson & Son, 1917.
Reconstruction Through Banking Reform. Cornish Echo Company, 1918.
Renewal of the Bank of England Charter: How the Present Banking System Restricts Trade. Birmingham Chamber of Commerce, 1918.
A Criticism of the First Interim Report of the Committee on Currency and Foreign Exchanges. British Banking Reform League, 1919.
The Treasury's Latest Craze. Unwin, 1920.
A Letter to H.R.H. The Prince of Wales on the World Crisis – Its Cause, and Remedy. Oxford: Alden Press, 1931.
"Our Invisible Rulers." National Review, January 1920.
"The Trade Slump."The English Review, No. 147, February 1921, pp. 122-136. "An address delivered before the Business Club of Birmingham."
"The Trade Slump, Its Cause and Its Cure."Industrial Development and Manufacturers Record, Vol. LXXIX, No. 9, 3 March 1921, pp. 134-138. "An address delivered before the Business Club of Birmingham."
"Farewell to Gold." The Living Age, November 1931.
"The Bankers' Conspiracy." The Living Age, February 1934, pp. 496-502.
Further reading
Cowen, Tyler & Kroszner, Randall. "The Development of the New Monetary Economics", Journal of Political Economy, Vol. 95(3), June 1987.
↑Wales, Wendy. "Arthur Kitson, Cook's Biographer". Captain Cook Society. Arthur Octavius Kitson (1848–1915?), the biographer of Captain James Cook, married Linda Elizabeth Douglas Leroy in August 1881 in Australia. "Arthur Octavius Kitson - KangaWeb"(PDF). fretwell.kangaweb.com.au.
