The anti-capitalists are still with us, and how. Robert Murphy has decided to give them an in-your-face economics education that they won't forget — ever.
His approach comes from years of teaching undergraduates and dealing with the most common errors. He also draws from his teaching experience at the Mises University to offer an Austrian perspective on economics.
He offers explanations and examples that are clear and compelling. What's wrong with zoning? Murphy explains it. Isn't outsourcing destroying America? On the contrary says Murphy: it is a wonderful for Americans! Shouldn't the rich fork over in the name of social justice? Murphy says that this would make us all poorer.
Isn't the Fed protecting us against depressions and inflations? Precisely the opposite, he says: the Fed is causingeconomic instability.
In so many ways, this book is a product of the Mises Institute. Murphy learned his economics at the Mises University (while getting his PhD at New York University) and then began to teach at our programs. He now serves as the headmaster of the Mises Institute online classroom.
This could be the most accessible and compelling introduction to free-market economics since Hazlitt's Economics in One Lesson. Certainly economics has rarely been this fun! The socialists and Keynesian of the world will hate this book and make it a target of all their venom. But if they read it, they might learn something.
This book is sure to become a hot seller, and a major source of controversy on campuses. A previous book in this series landed on the New York Timesbestseller list. How splendid to think that with this book, the Austrian perspective is receiving yet another boost in public life.
Barron's writes: "The Politically Incorrect Guide to Capitalism (Regnery, 2007), by economist Robert P. Murphy, contains more economic wisdom in its fewer-than-200 pages than the average principles textbook several times its length. In clear and often irreverent prose, Murphy makes a compelling case for the unfettered free market..." Breezy, witty, but always clear, precise, and elegantly reasoned, The Politically Incorrect Guide to Capitalismis a solid and entertaining guide to free market economics written from the perspective of the Austrian School.
Murphy deploys all his abundant talents here, and to spectacular effect.
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Some topics covered:
Austrian Economics, Freedom and Peace