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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 1-10Articles of InterestThe AustrianSpeeches and PresentationsMises Daily Article

Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is Contra Krugman: Smashing the Errors of America's Most Famous KeynesianHis other works include Chaos Theory, Lessons for the Young Economist, and 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 cohost, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column. He is also host of The Bob Murphy Show.

All Works

Explaining Kenneth Arrow's Impossibility Theorem for Social Choice

DemocracyOther Schools of Thought

12/05/2020Mises Media
First Bob explains his contest involving Adventures in Pacifism–winner gets 100 smackers. Then he explains the incredibly powerful, and surprisingly Austrian, result by which Kenneth Arrow showed it was impossible to coherently aggregate individual preferences into a social ranking.
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Dan McCarthy Trusts the People More Than the Elites

DemocracyOther Schools of Thought

12/04/2020Mises Media
Dan McCarthy, Editor at Large of The American Conservative, joins Bob to discuss his view that conservatives and libertarians should stop heaping contempt on democracy. McCarthy argues that the elites are the real threat to liberty, not the masses.
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MMT Explained with Dr. Robert Murphy

Book ReviewsCentral BanksMonetary TheoryMoney Supply

11/23/2020Mises Media
Can newly issued currency be used to pay for public works, health care, college, entitlements, and guaranteed jobs? If it sounds too good to be true, it is—and Dr. Murphy joins the Human Action Podcast to explain why.
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The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy

Book Reviews

11/05/2020Quarterly Journal of Austrian Economics
The good news is that Stephanie Kelton—economics professor at Stony Brook and advisor to the 2016 Bernie Sanders campaign—has written a book on modern monetary theory that is very readable, and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a...
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Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy

11/02/2020Mises Media
Kenneth Arrow showed in 1951 that the entire project of social choice theory rested on quicksand.
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