Tag Archives: boom and bust

Macroeconomic Policy

Posted on May 30, 2012 by Dr. J

In Chapter 14 of Foundations of Economics, Shawn Ritenour discusses macroeconomic policy, focusing on the monetarist and Keynesian schools. He first outlines their tenets and then explains why he considers each a flawed approach to the questions of inflation and … Continue reading →

Posted in Books, Economics | Tagged boom and bust, business cycle, Foundations of Economics, inflation, John Maynard Keynes, Keynesianism, liquidity trap, macroeconomics, monetarism, money, multiplier effect, recession, Shawn Ritenour | Leave a comment

Inflation and Recession

Posted on May 29, 2012 by Dr. J

Chapter 13 of Shawn Ritenour’s Foundations of Economics marks a significant change in the author’s approach. Up to this point, the discussion of economic phenomena has been purely descriptive. Ritenour follows Ludwig von Mises in arguing that economics as a … Continue reading →

Posted in Books, Economics | Tagged boom and bust, business cycle, Foundations of Economics, fractional reserve banking, inflation, Ludwig von Mises, money, purchasing power of money, recession, Shawn Ritenour | Leave a comment

Tag Archives: boom and bust

Macroeconomic Policy

Inflation and Recession

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