It is my opinion that if you choose to write a book you should do so because you have something important and new you wish to share with your readers/listeners. This book is a very short introduction to economics. Dr. Murphy does supply some educational examples of economics in action but most of his examples is copied straight from the writings of former important and classical economists. Some of these examples are more than 80 years old and some are even wrong. While Dr. Murphy certainly knows his economic history he falls victim to the Ricardian vice, use of abstract theory with no foundation in real life. Let me give you an example of this: The county picks up garbage at no cost. A business owner would be more carefull with consumption and recycle more if he had to pay a fee to have his garbage collected and therefore a garbage fee would reduce the ammount of garbage collected and as a consequence pollution. In this example Dr. Murphy fails to consider the environmental effect when people begin to dump garbage in nature because they don't want to pay the fee.
"The bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen". Frederic Bastiat.
This book is not really politically incorrect.
Simplistic view touting the benefits of free market and the pernicious attempts of the government to even the playing field. Uses outrageous apples to oranges comparisons. Example: The free market would have corrected slavery without any attempt by the government to intervene. Reasoning? Brazil allowed slavery for much longer than any other country and when it was finally outlawed it was an extremely poor country..... wha????
Typical right wing rhetoric with some fear factor conspiracy thrown in via proclamations throughout of “BOOKS YOU ARE NOT SUPPOSED TO READ!” following works that I assume support his ridiculous theories.
As is the problem with capitalism and the free market – there is absolutely no viewpoint on morals or decency.
Gave me a headache.
I would recommend this book to anyone who is old enough vote to and want to understand why some government policies will never work.
This book, which could have been a useful guide, epitomizes the confrontationalist approach that -- whether from the left or (as in this case) from the right -- characterizes so much of what passes for political insight today. The gems of wisdom and insight that do appear are smothered under an overload of bile.
Don't bother unless your mind is already made up and you simply seek affirmation.
The book begins with praise for Rush Limbaugh's influence on the author's father and continues extolling the merits of capitalism over a Soviet style government managed economy of yesteryear. This book might have been useful 50 years ago and will appeal now to Ian Rand devotees. The only thing less useful than no serious solutions is fantasy.