The Politically Incorrect Guide to Capitalism

Narrated by: Perry Richards
Length: 5 hrs and 55 mins
Categories: Money & Finance, Economics
4.2 out of 5 stars (272 ratings)

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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.

Critic Reviews

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

What listeners say about The Politically Incorrect Guide to Capitalism

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  • Overall
    5 out of 5 stars

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.

11 people found this helpful

  • Overall
    5 out of 5 stars

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.

43 people found this helpful

  • Overall
    5 out of 5 stars

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.

9 people found this helpful

  • Overall
    5 out of 5 stars

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.

16 people found this helpful

  • Overall
    5 out of 5 stars

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.

7 people found this helpful

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    4 out of 5 stars

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.

4 people found this helpful

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The book is good, But

The book is good, But if I hear "A book you are not supposed to read" I will vomit through my nose.

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If Ron Swanson Wrote A Book

Three chapters in I honestly thought this was a satire. Evidently I was wrong. My hope is people will consult with other sources to get a more comprehensive view on economics.

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Destroying Myths in Few Words

I couldn’t believe how many myths were torn apart in a 5 or 6 hour book. It’s a great book and I highly recommend it. Murphy doesn’t go super in depth on each topic - he was obviously trying to keep it short rather than making the most thorough arguments possible. I’m partway through the audiobook The Creature From Jeckyl Island right now which goes way more in depth on quite of few of the topics covered in this politically incorrect guide.

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Simple and entertaining

Great summarization and simple explanation of complex economic issues. Full of great quotes and their source material that immediately follows each one.