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Foundations of Economics: A Christian View Paperback – January 1, 2010
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. . . an elegantly written and engaging work . . Every student can gain from the clear and precise explanations of economic tools of analysis. . . a magnificent and much needed achievement.
--Journal of Markets and Morality (Fall 2010)
There is no other book like Foundations of Economics. . . .the gold standard of introductory treatments of economics in the causal-realist tradition.
--The Journal of Faith and the Academy (Fall 2009)
Ritenour. . . .successfully attacks the status quo. . . . Foundations of Economics adds to the literature important concepts and applications that could assist Christian economists in developing a Christian economics taxonomy. . . .
--Faith and Economics (Fall 2010)
. . . a massive work masterfully demonstrating an Austrian perspective toward the foundations of economic theory and practice.
--Clive Beed and Clara Beed, "The Nature of Biblical Economic Principle, and Its Critics" Faith and Economics, (Spring 2012), pp. 31-58
From the Back Cover
"To speak of an economics textbook as enjoyable, thought-provoking, and at points even entertaining, might seem implausible. But Dr. Shawn Ritenour has accomplished the improbable with Foundations of Economics, an outstanding work that makes the sometimes obtuse jargon of economics easily understood. Practical in application and sound in economic theory, Dr. Ritenour's excellent text is unapologetically free market oriented and incorporates a biblical worldview, providing a perspective on economics nearly universally missed by other texts. I pray the book finds a wide audience."
--David Wesley Whitlock
President, Oklahoma Baptist University
"Dr. Ritenour has written an exceptional economics text. The book simultaneously avoids technical jargon, injects humor into the alleged 'dismal science,' and seamlessly integrates the Christian faith into the discipline. Dr. Ritenour's text is a great illustration of how practical and applicable the study of economics can be."
--Dr. Ronda O. Credille
Professor of Business Administration, Southwest Baptist University
"Shawn Ritenour's Foundations of Economics is everything a textbook on economics should be: clear, well organized, easy to understand--and interesting! Ritenour presents the material with the effortless ease of the expert, in a way suited to the beginning or intermediate student. That he roots economic principles in biblical wisdom making this a truly momentous contribution and a blessing to anyone fortunate enough to study from it."
--Thomas E. Woods, Jr.
author of Meltdown: A Free-Market Look at Why the Stock Market Collapsed, The Economy Tanked, and Government Bailouts Will Make Things Worse.
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This book would serve him, and others like him, tremendously well. What Shawn Ritenour has done here is sadly overlooked by most in the Church but shouldn't be, as it is a valuable resource, to be sure.
If you are a Christian with a libertarian view (which you should be, for various reasons), then this book will appeal to you on multiple levels. If you are a Christian without a libertarian view, well, be prepared to change that view after reading this book (and be sure to buy it, because it is all the more important for you!).
The author does two things extremely well in this book: he lays out exactly what the title says -- the foundations of economics -- and does so from a Christian perspective. This is no small feat and should be commended, as economics is of far greater importance than most realize. Why it is so quickly dismissed by pastors and theologians is beyond me, but this book goes a long way to fixing that problem.
Yes, it is a text book. No, that shouldn't stop you from buying it. To my knowledge, no other book like this exists, and yet it is of monumental importance if you are to live and grow in not only your faith, but an understanding of how we can make the world around us a better place (which should be the calling of every Christian).
Only two complaints:
One, it's a bit pricey. But that could be fixed by complaint number two.
Two, there is no Kindle version (solution to problem one -- bam!).
Overall, this goes beyond the work of someone like Wayne Grudem, who is wading into this same field with his recent work. This gives you a blueprint for understanding a vital subject that applies to nearly all walks of life. Well worth your time to study this effort.
The book is well referenced. At the end of every chapter the writer provides suggestions for further reading, pointing the student to such excellent original sources as Carl Menger's "Principles" and Herber Schlossberg's "Idols for Destruction."
Its not often one finds a text that aims to integrate Charles Hodge with Ludwig von Mises. Not only does Ritenour take aim, he hits the mark! This is a systematic and thorough exposition of economic knowledge, presented in an enjoyable way, that will help its reader ground their understanding of economics in the everlasting truth of God's created order. I highly recommend it!
"Consequently, the monetarist policy of attempting to hold the mythical price level stable by increasing the money stock at the same rate that T increases is doomed to failure. (p390)" While I agree with what was being said in the book I do not agree with his use of loaded words, and as a reader, I did not feel comfortable forming my own opinions apart from this reading and in class.