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Robert P. Murphy

Tags Legal SystemAustrian Economics OverviewBusiness Cycles

Works Published inThe AustrianSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsMises ReviewThe Free MarketReview of Austrian Economics, Volumes 1-10Articles 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. His latest is Contra Krugman: Smashing the Errors of America's Most Famous Keynesian. His other words 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 co-host, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column.

All Works

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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Socialism: The Calculation Problem Is Not the Knowledge Problem

Calculation and Knowledge

Blog03/16/2018

This market process is what allows a capitalist system to efficiently allocate resources, whereas a socialist system cannot—not even “in principle.”

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Trade Deficits and Fiat Currencies

03/09/2018Mises Daily Articles
A trade deficit per se is not a sign of a bad economy. Indeed the trade deficit might blossom if the US ever returned to the gold standard.
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