 The printers set up a committee, which included Henry Hetherington, to evaluate the scheme and its favourable report, produced in January 1821, led to the formation of the Co-operative and Economical Society and the launch of its weekly journal, "The Economist" (January 1821-March 1822), which Mudie edited.Although Mudie was fulsome in his praise for Owen, their respective conceptions of co-operation differed.Mudie played down Owen's interest in the formation of human character, concentrating on the practical advantages of communal living.