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Interest and Profit
Marxists, beware. In Chapter 8 of Foundations of Economics, Shawn Ritenour explains how the economic phenomena of interest and profit, both of which are anathema to the socialist Left, are natural and necessary features of life in a division-of-labor economy. … Continue reading
Posted in Books, Economics
Tagged capitalist, economics, entrepreneur, income, interest, interest rate changes, market prices, production, profit, Shawn Ritenour, time preference
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