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The Politically Incorrect Guide to Capitalism | [Dr. Robert P. Murphy]

The Politically Incorrect Guide to Capitalism

Participating in the economy is a part of everyday life; yet much of what is commonly accepted as fact is wrong. Keynesian schoolteachers and the liberal media have filled the world with politically correct errors that myth-busting professor Robert Murphy sets straight. 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.
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Publisher's Summary

Participating in the economy is a part of everyday life, yet much of what is commonly accepted as fact is wrong. Keynesian schoolteachers and the liberal media have filled the world with politically correct errors that myth-busting professor Robert Murphy sets straight.

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.

What the Critics Say

"An invaluable introduction to free-market economics." (Congressman Ron Paul)

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  •  
    Micah Mechanicsburg, PA, USA 04-15-07
    Micah Mechanicsburg, PA, USA 04-15-07 Member Since 2001
    HELPFUL VOTES
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    "Entertaining and Educational"

    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.

    41 of 44 people found this review helpful
  •  
    Jason McLean, VA, USA 06-10-10
    Jason McLean, VA, USA 06-10-10
    HELPFUL VOTES
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    "Introduction to the Austrian School of Econ"

    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.

    8 of 8 people found this review helpful
  •  
    Daniel Squires 12-30-09
    HELPFUL VOTES
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    "Economics for the lay person"

    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.

    7 of 7 people found this review helpful
  •  
    John HIGHLANDS RANCH, CO, USA 08-08-08
    John HIGHLANDS RANCH, CO, USA 08-08-08
    HELPFUL VOTES
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    "OUTSTANDING primer to modern economics"

    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.

    15 of 16 people found this review helpful
  •  
    Curtis Woodland Park, CO, United States 10-30-09
    Curtis Woodland Park, CO, United States 10-30-09 Member Since 2009
    HELPFUL VOTES
    5
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    "Excellent and sober"

    Easy to listen to and really informative. I'm an dedicated capitalist - and I learned something every few minutes.

    Very reasoned and solid.

    5 of 5 people found this review helpful
  •  
    Amazon Customer Mesa, az, United States 11-09-11
    Amazon Customer Mesa, az, United States 11-09-11 Member Since 2003

    My Opinion's for your review, Thank You!

    HELPFUL VOTES
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    "Best explanation of Capitalism"

    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.

    3 of 3 people found this review helpful
  •  
    Paul Luthi Dennis, Texas 05-21-13
    Paul Luthi Dennis, Texas 05-21-13 Member Since 2011

    I am a 30 year old over-the-road truck driver. I listen to A LOT of audiobooks!

    HELPFUL VOTES
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    "A Frank and Straightforward Look at Our System"

    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.

    0 of 0 people found this review helpful
  •  
    Guy Ottawa, ON, Canada 07-30-12
    Guy Ottawa, ON, Canada 07-30-12 Member Since 2011
    ratings
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    "Great book"
    Any additional comments?

    I would recommend this book to anyone who is old enough vote to and want to understand why some government policies will never work.

    0 of 0 people found this review helpful
  •  
    Jan Naestved, Denmark 03-13-12
    Jan Naestved, Denmark 03-13-12
    HELPFUL VOTES
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    "Nothing new under the sun"

    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.

    3 of 6 people found this review helpful
  •  
    John Chicago, IL, United States 10-14-09
    John Chicago, IL, United States 10-14-09 Member Since 2004
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    "Bile"

    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.

    5 of 24 people found this review helpful
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