The Politically Incorrect Guide to Capitalism
The Politically Incorrect Guide to Capitalism by Robert P. Murphy, published by Regnery Publishing on April 9, 2007, is an illustrated work comprising 206 pages. This book presents a critical examination of commonly accepted economic beliefs, arguing that many widely held views about capitalism and economics are fundamentally flawed. Murphy, a professor and speaker at the Ludwig von Mises Institute, aims to debunk liberal myths and socialist clichés, offering a straightforward explanation of capitalism and addressing contentious topics such as outsourcing, central planning, and the implications of labor unions.
Readers will find a thorough analysis of various economic issues, including the effects of minimum wage increases and the role of the free market in combating racism and environmental degradation. Murphy also critiques government regulations, antitrust suits, and international financial institutions, providing insights into how these factors impact economic freedom and public policy. With a blend of wit and clarity, The Politically Incorrect Guide to Capitalism serves as a comprehensive resource for understanding free market economics and encourages a critical view of the prevailing narratives surrounding capitalism.
Official synopsis Publisher
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.
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