1906, Penty's ideas were widely influential. Orage, as editor of The New Age, was a convert to guild socialism. After World War I guild socialism dropped back as a factor in the thinking of the British Labour movement, in general; the idea of post-industrialism, on which Penty wrote, attributing the term to A. K. Coomaraswamy, receded in importance in the face of the economic conditions. Several of Penty's books were translated into German in the early 1920s. Penty was an acknowledged influence on the writings of Spain's Ramiro de Maeztu (1875–1936), who was murdered by Communists in the early days of the Spanish Civil War. Distributism The somewhat complex British development of distributism emerged as a conjuncture of ideas of Penty, Hilaire Belloc and the Chestertons, Cecil and Gilbert. It reflected in part a first split from the Fabian socialists of the whole New Age group, in the form of the Fabian Arts Group of 1907. Orage was a believer in Guild socialism for a period. After C. H. Douglas met Orage in 1918, and Orage invented the term Social Credit for the Douglas theories, there was in effect a further split into 'left' (Social Crediters) and 'right' (distributist) thinkers. This is, though, fairly misleading as a classification; it was also to some extent a split between theosophist and Catholic camps. Penty associated with the Catholic Ditchling Community. Penty went with the distributists. Distributism in the 1920s took its own direction, as Belloc wrote his version of it in the period 1920 to 1925 and connected it with his political theories. The British Labour Party declared against Social Credit in 1922. Works The Restoration of the Gild System, Swan Sonnenschein and Co., 1906. "The Restoration of the Guild System," The New Age, Vol. XIII, No. 14, 1913. "The Restoration of the Guild System II," The New Age, Vol. XIII, No. 15, 1913. "The Restoration of the Guild System III," The New Age, Vol. XIII, No. 16, 1913. "The Restoration of the Guild System IV," The New Age, Vol. XIII, No. 17, 1913. "The Restoration of the Guild System V," The New Age, Vol. XIII, No. 18, 1913. "The Restoration of the Guild System VI," The New Age, Vol. XIII, No. 19, 1913. "The Restoration of the Guild System VII," The New Age, Vol. XIII, No. 20, 1913. "The Peril of Large Organisations," The New Age, Vol. X, No. 13, 1912.