Murphy explains hot topics like outsourcing (why it's good for Americans) and zoning restrictions (why they're not). Just like the other books in the P.I.G. series, The Politically Incorrect Guide to Capitalism pulls no punches. Murphy defends the free market on such issues as safety regulations, racial discrimination, and child-labor laws, in a breezy manner that is anything but textbook-like. The Politically Incorrect Guide to Capitalism sets the record straight on everything you thought you knew about economics.
©2007 Robert P. Murphy; (P)2007 Blackstone Audio Inc.
"An invaluable introduction to free-market economics." (Congressman Ron Paul)
Without question an anti-"big government", anti-liberal, and pro-capitalist book. The author has no qualms voicing his distain for government controls on economics or shortsighted and politically motivated interference with the free market. Having noted this less than respectful attitude towards Democrats, the book is filled with sound economic education. The author quotes both Adam Smith and Ayn Rand on numerous occasions (which gives a good indication of his stance) and offers a number of excellent scholarly works as reference in the "books you aren't supposed to read" vignettes. Not as well written, or as practically informative as Robert Kiyosaki's "Rich Dad" collection, but unabridged, and 'sound as a pound' in it's economic basis. Highly recommend as basic info, a starting point in economics, and as ammo for political conservatives.
This book is very similar to Henry Hazlitt's Economics in One Lesson. It is an introduction to free market economics and the Austrian School of Economics. It is a great book to learn the basics from.
You don't have to be an academic to understand the common sense that Murphy lays out in The Politically Incorrect Guide to Capitalism. This book will help you identify what you've instinctively sensed has been been wrong with our economic policies and what needs to be done to fix them. From this book go on to read Peter Schiff and Thomas Woods, and other authors who explain the Austrian school of economics thinking.
Audio: Excellent narration by Perry Richards. Clear, easily understood enunciation. American accent, I presume, FWIW.
Content: Excellent. A thorough primer in the fundamentals of economics as applicable to modern times. As a P.I. Guide it supports the (indisputable, IMO) logic of "free market" economics, supported by numerous quotes from Frederic Bastiat, Adam Smith, Milton Friedman, and even Ayn Rand (Capitalism, The Unknown Ideal and The Virtue of Selfishness), to name a few. And, as a P.I. Guide, it is tongue in cheek and lightly sarcastic at times, but not to its' detriment. It also mentions 2 of my other favorite economic primers, Economics in One Lesson by Henry Hazlitt and Free to Choose by Rose and Milton Friedman, amongst the many books it suggests for additional reference. For a relatively short book (224 pages in paperback) it covers seemingly most of the major topics one should learn about to understand economics. (Surf the 'net for more detailed descriptions of the contents.) I absorbed this nearly 6 hour book in a single day and I'll be listening to it again. I highly recommend it.
Easy to listen to and really informative. I'm an dedicated capitalist - and I learned something every few minutes.
Very reasoned and solid.
My Opinion's for your review, Thank You!
If you lean towards a conservative slant in the least this is a great book. If you are liberal this is even better to listen too, really!! If you want to argue about capitalism or learn about it this is the book for you. It is worth every penny.
The author makes a lot of interesting and controversial points. Besides getting me to reconsider my views on overpayed athletes and ceo's he has convinced me that a lot of our government regulations are useless or even harmful compared to how the free market would deal with things. That being said I kept waiting for him to explore the logical extreme of pure capitalism. Touching on the matter of slavery we find that government intervention to abolish it was unnecessary, so I had hoped that he would explore other government regulated things like narcotics, alcohol and weapon sales. How about human trafficking, prostitution and murder for hire? If his next audio book deals with these issues I'll check it out (for the right price).
I am a 30 year old over-the-road truck driver. I listen to A LOT of audiobooks!
This is an interesting listen. The author uses basic common sense to get his point across and makes several of these (very good) points. I would recommend this book to any policy-maker, voter, businessman, or anyone who simple wants to argue economic policy with their friends with more skill.
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.
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