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Most commonly accepted economic "facts" are wrong Here's the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world--and deformed public policy--with politically correct errors about capitalism and economics in general. In The Politically Incorrect Guide(tm) to Capitalism, myth-busting professor Robert P. Murphy, a scholar and frequent speaker at the Ludwig von Mises Institute, cuts through all their nonsense, shattering liberal myths and fashionable socialist cliches to set the record straight. Murphy starts with a basic explanation of what capitalism really is, and then dives fearlessly into hot topics like:
* Outsourcing (why it's good for Americans) and zoning restrictions (why they're not)
* Why central planning has never worked and never will
* How prices operate in a free market (and why socialist schemes like rent control always backfire)
* How labor unions actually hurt workers more than they help them
* Why increasing the minimum wage is always a bad idea
* Why the free market is the best guard against racism
* How capitalism will save the environment--and why Communist countries were the most polluted on earth
* Raising taxes: why it is never "responsible"
* Why no genuine advocate for the downtrodden could endorse the dehumanizing Welfare State
* The single biggest myth underlying the public's support for government regulation of business
* Antitrust suits: usually filed by firms that lose in free competition
* How tariffs and other restrictions "protect" privileged workers but make other Americans poorer
* The IMF and World Bank: why they don't help poor countries
* Plus: Are you a capitalist pig? Take the quiz and find out! Breezy, witty, but always clear, precise, and elegantly reasoned, The Politically Incorrect Guide(tm) to Capitalism is a solid and entertaining guide to free market economics. With his twelve-step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.
- Sales Rank: #14555 in Books
- Brand: Murphy, Robert P.
- Published on: 2007-04-09
- Original language: English
- Number of items: 1
- Dimensions: .52" h x 7.32" w x 8.96" l, .82 pounds
- Binding: Paperback
- 206 pages
Review
''A disciple of economic guru Martin Friedman, Murphy has never met a millionaire he didn't like and is happy to tell you so, using Richards as his silver-tongued messenger.'' --AudioFile
From the Inside Flap
Most commonly accepted economic "facts" are wrong Here's the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world--and deformed public policy--with politically correct errors about capitalism and economics in general. In The Politically Incorrect Guide(tm) to Capitalism, myth-busting professor Robert P. Murphy, a scholar and frequent speaker at the Ludwig von Mises Institute, cuts through all their nonsense, shattering liberal myths and fashionable socialist cliches to set the record straight. Murphy starts with a basic explanation of what capitalism really is, and then dives fearlessly into hot topics like:
* Outsourcing (why it's good for Americans) and zoning restrictions (why they're not)
* Why central planning has never worked and never will
* How prices operate in a free market (and why socialist schemes like rent control always backfire)
* How labor unions actually hurt workers more than they help them
* Why increasing the minimum wage is always a bad idea
* Why the free market is the best guard against racism
* How capitalism will save the environment--and why Communist countries were the most polluted on earth
* Raising taxes: why it is never "responsible"
* Why no genuine advocate for the downtrodden could endorse the dehumanizing Welfare State
* The single biggest myth underlying the public's support for government regulation of business
* Antitrust suits: usually filed by firms that lose in free competition
* How tariffs and other restrictions "protect" privileged workers but make other Americans poorer
* The IMF and World Bank: why they don't help poor countries
* Plus: Are you a capitalist pig? Take the quiz and find out! Breezy, witty, but always clear, precise, and elegantly reasoned, The Politically Incorrect Guide(tm) to Capitalism is a solid and entertaining guide to free market economics. With his twelve-step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.
About the Author
Robert P. Murphy earned his Ph.D. in economics from New York University . A former professor at Hillsdale College , he is now an adjunct scholar with the Ludwig von Mises Institute and an analyst at Laffer Associates. He has worked as both an economics scholar and lecturer, as an investment/business analyst, and as a writer of popular journalism on economic topics. He lives with his wife and son in Nashville , Tennessee .
Most helpful customer reviews
2 of 2 people found the following review helpful.
A fine analysis and defense of capitalism
By Susan A. Bennett
Dr. Murphy valiantly crushes prevalent anti-capitalist myths, misunderstandings, and lies in this book. He also explains and defends capitalism, showing how-among other things-capitalism actually defeats things such as slavery, pollution, and racism, even though common accusations against the unregulated free-market are that it allows-even engenders-such things. Dr. Murphy also shows how when the government tries to take the place of private individuals and businesses, it operates without market incentives, is free from the punishment that bad economic choices incur on businessmen in the free market, and often fails miserably. There are also some valuable insights into major historical economic crises and issues, such as an analysis of the Great Depression and the New Deal that shows the absurdity of some of the views the Hoover and Roosevelt administrations had on economics. This is a great book that I would recommend to anyone interested in learning about economics and the free market.
2 of 2 people found the following review helpful.
Excellent Overview
By H. O. Olney
Excellent overview of the capitalism/socialism argument. Has lot of good points one can use in a disagreement. I would like to have seen more of the foundation of capitalism in the Bible, for that is more where the argument lies than in just economic theory. People do not realize that the main thrust of socialism is a religious one, and that is what give it so much impetus.
1 of 1 people found the following review helpful.
Great Book for Capitalists and Economists and those who think they understand either of those two
By Blaine
The whole series is great and more information that most would get in school, both High school and college. I was already a fan of subject matter, and after this book I knew even more about it and the history of capitalism and the hidden gems of its application that are usually not covered in the history books or by the news.
If you want the TRUE history and lessons on capitalism or even if you think that capitalism is evil, read this book and learn what actually happens and how it actually works!
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