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Robert P. Murphy

Tags Legal SystemAustrian Economics OverviewBusiness Cycles

Works Published inThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsMises ReviewThe Free MarketReview of Austrian Economics, Volumes 1-10The AustrianSpeeches and PresentationsMises Daily ArticleArticles of Interest

Robert P. Murphy is a Senior Fellow with the Mises Institute and Research Assistant Professor with the Free Market Institute at Texas Tech University. He is the author of many books including Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015) which is a modern distillation of the essentials of Mises's thought for the layperson. Murphy is co-host, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column.

Chaos Theory

Political Theory

01/01/2002Books
Working within a Rothbardian framework, Murphy takes up the challenge of Hans Hoppe regarding the role of market insurance in property security to extend the analysis to the security of person.

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Lessons for the Young Economist

EducationAustrian Economics Overview

03/10/2011Books
Murphy's textbook prepares the student for both conventional economic studies in the future, and provides the logical rigor and policy clarity that only the Austrian School perspective can offer.

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All Works

How Not to Address Rising Oil Prices: Lessons from Nixon's Price Controls

Big GovernmentU.S. HistoryPrices

Blog1 hour ago

The crude oil “daisy chain” reseller boom is just one example of the absurdity of the 1970s price controls on the oil and gas sector. 

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Will Fed Rate Hikes Crash the Market?

The FedFinancial MarketsU.S. Economy

04/17/2018Audio/Video
Bob Murphy at the Mises Institute seminar in Nashville, Tennessee, 14 April 2018.

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The Rothbardian Critique of Consumer Sovereignty

PricesProduction TheoryValue and Exchange

04/13/2018Mises Daily Articles
Notwithstanding its endorsement by Mises, many modern Austrians reject the notion of consumer sovereignty as an inaccurate political metaphor.

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Consumer Sovereignty: What Mises Meant

Production TheoryValue and Exchange

04/04/2018Mises Daily Articles
Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources.

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Is Garrison's Notion of "Secular Growth" Compatible With the Solow Growth Literature?

Capital and Interest TheoryOther Schools of Thought

04/02/2018Quarterly Journal of Austrian Economics
The present paper clarifies ambiguities from earlier discussions of whether Garrison’s usage of “secular growth” is more likely to resonate with a neoclassical or Austrian reader.

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