Arthur Kitson

Arthur Kitson (6 April 1859 – 2 October 1937) was a British monetary theorist and inventor. He was the managing director of the Kitson Empire Lighting Company of Stamford, Lincolnshire and 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.

Kitson was invited to contribute critical testimony to the Cunliffe Currency Committee in January 1919. In place oral testimony, he published his criticism at his own expense and furnished copies to every member of the committee.[1] He later formed the Economic Freedom League with Frederick Soddy and was active in this venture through the 1920s.[2]

He was declared bankrupt in 1925.[3]



  • Usury (Payment for the use of Things): the Prime Cause of Want and Unemployment, s.n., 1910.
  • Is a Money Crisis Imminent?: Being the Becture 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, The Alden Press (Oxford) Limited, 1931.
  • The Science of Plenty, s.n.


Further readingEdit

  • Cowen, Tyler & Kroszner, Randall. "The Development of the New Monetary Economics", Journal of Political Economy, Vol. 95(3), June 1987.
  • Fisher, Irving. Stable Money; a History of the Movement, Adelphi, 1934.
  • Hammes, David & Wills, Douglas. "Thomas Edison's 'Except One'; The Monetary Views of Arthur Kitson Revisited", Journal of Economic Studies, Vol. 32(1), 2005.
  • Surette, Leon. "Arthur Kitson", Pound in Purgatory: From Radical Economics to Anti-Semitism, Chap. X, University of Illinois Press, 1999.
  • Wales, Wendy. "Arthur Kitson, Cook's Biographer". Captain Cook Society.

See alsoEdit


  1. ^ Kitson, Arthur (1933). "Concerning the Author and his Work". The Bankers' Conspiracy! Which Started the World Order. London: Elliot Stock. p. 7.
  2. ^ Scott, John; Bromley, Ray (2 January 2014). Envisioning Sociology: Victor Branford, Patrick Geddes, and the Quest for Social Reconstruction. New York: State University of New York Press. p. 204. ISBN 978-1438447308.
  3. ^ London Gazette Issue 33409 published on 3 July 1928, page 94 covers discharge from bankruptcy from 3 August 1928
  4. ^ Dietrick, Hellen Battelle. "A Standard of Value", The American Magazine of Civics, Vol. VII, 1895.

External linksEdit