Robert P. Murphy

Articles

Private Business and State Power in an Age of Bailouts, Censorship, and Easy Money

02/24/2025 The Misesian Robert P. Murphy

The Misesian: Unfortunately, we live in an age of a “mixed economy” and “regulated capitalism.” This means that the private sector and the government sector are mixed together, and it’s not always...

Murphy on “The Coming Displacement of the Dollar”

11/08/2023 Power & Market Robert P. Murphy

The unipolar dominance of the American Empire has allowed it to command an outsized share of the world’s resources in exchange for green pieces of paper. That dominance, and the dollar’s hegemony...

Making Money While Making Sense of Chaos: Understanding the World of the Traders

10/16/2023 Mises Wire Robert P. Murphy

Review of Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis Scott Patterson New York: Scribner, 2023; 293 pages Scott Patterson has delivered an unusual book. At least to...

Publications

Understanding Money Mechanics

Robert P. Murphy

The Understanding Money Mechanics series by Robert P. Murphy, is a comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. This series will be published as a book in late 2020.

Understanding Money Mechanics

12/08/2021 Robert P. Murphy

This book provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist

The Sizzle of Economic Freedom

08/30/2018 Robert P. Murphy Lawrence J. McQuillan

Freedom lovers have long tried to win converts — and especially voters — by appealing to first principles of classical liberalism embraced by the Founding Fathers: above all, the inalienable right of an individual to chart the course of his own life

Media

The Method Behind Real Economic Thinking

05/05/2025 Robert P. Murphy Jonathan Newman

Jonathan Newman joins Bob Murphy to explore what economics really is, why it matters, and how the revamped Mises Academy is helping teach it the right way.

Should Economists Champion Fed “Independence”?

04/25/2025 Robert P. Murphy Joseph T. Salerno

As Trump challenges Powell and the Fed’s authority, Dr. Joe Salerno joins Bob to dive into whether "central bank independence" really protects the economy—or just shields elite power.

Randall Wray’s MMT Lecture Distorts History

04/18/2025 Robert P. Murphy

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.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.