I don't want to jump into an argument, but I'm going to jump into this argument anyway. Devin I've always known what a philosopher's stone is, and I was born in Texas. It's in old fairytales and stuff. I think they changed the name not because americans wouldn't recognize it, but because "Sorcerer's Stone" is understood by a wider swath of the populace, and so is more marketable. There are a lot of people in our country, and money is money.
And schism, License to Kill is way more marketable here than Licence Revoked. That has nothing to do with whether we can parse the meaning. The culture in the US is not less intelligent or all that much less educated, we just think we're crazy cowboys (or rockstars or pioneers or whatever) and that needs to be pandered to. Products are constantly competing to be more eyecatching or more quickly assessed, and books of some genres get packaged like any other product.
We in the US do take a lot of guff for being arrogant and bumbling, so please understand if some of us are sometimes touchy about any perceived attacks on that front.