The anti-capitalists are still with us, and how. Robert Murphy has decided to give them an in-your-face economics education that they won’t forget — ever.
His approach comes from years of teaching undergraduates and dealing with the most common errors. He also draws from his teaching experience at the Mises University to offer an Austrian perspective on economics.
He offers explanations and examples that are clear and compelling. What’s wrong with zoning? Murphy explains it. Isn’t outsourcing destroying America? On the contrary says Murphy: it is a wonderful for Americans! Shouldn’t the rich fork over in the name of social justice? Murphy says that this would make us all poorer.
The Politically Incorrect Guide to Capitalism is a solid and entertaining guide to free market economics written from the perspective of the Austrian School.
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Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show.
The Modern Monetary Theory (MMT) crowd prides itself on fidelity to actual history. But Murphy shows how leading MMT guru Randall Wray completely distorts his discussion of two historical episodes in his college lecture.
Bob challenges the conventional wisdom around Triffin’s dilemma, arguing that persistent U.S. trade deficits aren’t necessary for dollar dominance—and that Ron Paul had it right all along.
Jonathan Newman joins Bob to explore the archaeological evidence for silver as money in ancient Mesopotamia, challenging Modern Monetary Theory and affirming Menger’s classic account of money’s market origins.
