-
Join 2,259 other subscribers
Twitter Feed
- 35% Off the Best Subscription on the Internet through Christmas Eve! westerntradition.wordpress.com/2018/12/22/35-… 4 years ago
-
Recent Posts
Categories
Tag Archives: Foundations of Economics
Shawn Ritenour on the Tom Woods Show
I’m happy to say that I got to listen to two of my favorite intellectuals (and friends) in my podcast feed yesterday. Shawn Ritenour, the author of Foundations of Economics, a book I have discussed extensively on this site, was the guest … Continue reading
Fulfilling the Cultural Mandate
The final chapter of Shawn Ritenour’s Foundations of Economics marks a return to the emphasis on theology found in the first chapter. Here the focus is on the cultural mandate of Genesis 1, where God creates Adam and Eve and … Continue reading
Socialism
The penultimate chapter of Shawn Ritenour’s Foundations of Economics deals with socialism–what it is, why its supporters advocate it, and why it always fails. Socialism is defined as an economic system in which the State owns all the means of … Continue reading
Posted in Books, Economics
Tagged calculation problem, communism, fascism, Foundations of Economics, Shawn Ritenour, socialism
Leave a comment
Voluntary Exchange and Regulation
We are nearing the end of our chapter-by-chapter discussion of Shawn Ritenour’s Foundations of Economics; it looks like we’ll wrap it up next Wednesday on schedule. Chapter 17, the topic of today’s post, deals with the impact of state regulation … Continue reading
Taxing and Spending
In Chapter 16 of Foundations of Economics Shawn Ritenour gives a detailed discussion of the economic impact of taxation and government spending. Government participates in the monetary economy because it is the most efficient way for it to secure the … Continue reading
Posted in Books, Economics
Tagged borrowing, debt, Foundations of Economics, government spending, inflation, Shawn Ritenour, taxation
Leave a comment
Price Controls
Chapter 15 of Shawn Ritenour’s Foundations of Economics discusses a government intervention into the economy so obviously flawed that even most mainstream economists condemn it. Moreover, even a large number of government officials seem to understand that it doesn’t work. … Continue reading
Posted in Books, Economics
Tagged Foundations of Economics, Ludwig von Mises, minimum wage, price ceilings, price controls, price floors, rent control, Shawn Ritenour, shortage, surplus
1 Comment
Macroeconomic Policy
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
Inflation and Recession
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
Money and Its Purchasing Power
In Chapter 12 of Foundations of Economics, Shawn Ritenour inally gives us a detailed discussion of “what makes the world go round.” For something that is universally used, it seems as though the understanding of money in our society is pretty … Continue reading
The Production Structure and the Social Economy
In Chapter 11 of Foundations of Economics, Shawn Ritenour makes the transition from what is often called “microeconomics” to what is often called “macroeconomics,” where the discussion centers on “big stuff” like business cycles, inflation, and unemployment. He disapproves of this … Continue reading
Posted in Books, Economics
Tagged capital, Foundations of Economics, GDP, interest, profit, rent, Shawn Ritenour, stock, structure of production
Leave a comment
The Western Tradition 