Tag Archives: purchasing power of money

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 , , , , , , , , , | Leave a comment

Money and Its Purchasing Power

Posted on May 26, 2012 by Dr. J

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 →

Posted in Books, Economics | Tagged , , , , , , , | 2 Comments