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Sabrin Center for Free Enterprise to Present Discussion on ‘Why Falling Prices Are Good for Business’

(PDF) (DOC) (JPG)September 26, 2016

MAHWAH, N.J. – Joseph T. Salerno, professor of economics at the Lubin School of Business of Pace University in New York City, will present “Why Falling Prices Are Good for Business” at Ramapo College of New Jersey on Tuesday, October 4 at 7:30 p.m. in the Trustees Pavilion.

The event is presented by the Sabrin Center for Free Enterprise and funded by the John Templeton Foundation through a grant from the institute for Human Studies.

Salerno will discuss, among other topics, how falling prices under the gold standard facilitated enormous growth in the American economy before 1914 and how they helped a swift recovery from the 1920-21 depression.

Salerno is the editor of Quarterly Journal of Austrian Economics and the Academic Vice President of the Ludwig von Mises institute where he holds the Peterson-Luddy Chair in Austrian Economics.

He will be joined by Alex Olbrecht, associate professor of economics at Ramapo College and the executive director emeritus of the Eastern Economic Association.

Olbrecht has previously served in public office, most recently as the Treasurer of the Yonkers Public Library system. His research interests include the economics of education, labor economics and sports economics.

Refreshments will be served prior to the discussion at 7 p.m. For information and to RSVP, contact Professor Murray Sabrin at by Tuesday, September 27.


About Ramapo College

Ramapo College of New Jersey is the state’s premier public liberal arts college and is committed to academic excellence through interdisciplinary and experiential learning, and international and intercultural understanding. The comprehensive college is situated among the beautiful Ramapo Mountains, is within commuting distance to New York City, was named one of the 50 Most Beautiful College Campuses in America by CondeNast Traveler, and boasts the best on-campus housing in New Jersey per

Ramapo College provides its students with individualized attention, mentorship, and supports; hands-on learning; and a range of opportunities for service and leadership development. Its graduation and retention rates exceed national averages and it places approximately 1,000 students per year in internships in New York City. The College is ranked #1 among New Jersey public institutions by College Choice; is recognized as the state’s top college on the list of Best Disability Schools by Great Value Colleges; is designated a “Military Friendly College” in Victoria Media’s Guide to Military Friendly Schools; and is recognized as a top college by U.S. News & World Report, Kiplinger’s, Princeton Review and Money magazine, among others.  

Ramapo College’s over 40,000 alumni are the confident, intellectually curious, self-aware, and humble people who are highly sought after and who make a positive impact at local, national, and global levels.  Ramapo College is distinguished as a Career Development College of Distinction by Every student at Ramapo is enrolled in its unique and award winning Pathways Program which equips and empowers students, across the continuum of their academic career, to secure internships, pursue graduate/professional school, and/or enter the job market. 

Established in 1969, Ramapo College offers bachelor’s degrees in the arts, business, data science, humanities, social sciences and the sciences, as well as in professional studies, which include business, education, nursing and social work. In addition, the College offers courses leading to teacher certification at the elementary and secondary levels, and offers graduate programs leading to master’s degrees in Accounting, Applied Mathematics, Business Administration, Contemporary Instructional Design, Computer Science, Creative Music Technology, Data Science, Educational Leadership, Nursing, Social Work and Special Education, as well as a Doctor of Nursing Practice.


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