Robert P. Murphy

rpm@ConsultingByRPM.com

Robert P. Murphy has a PhD in economics from NYU. He is the author of The Politically Incorrect Guide to Capitalism and The Politically Incorrect Guide to The Great Depression and the New Deal. He is also the Senior Economist with the Institute for Energy Research and a Research Fellow at the Independent Institute. You can find him at http://consultingbyrpm.com/.

Related Freeman Articles

Feature

The Silk Road Back to Leviathan?

Does Dread Pirate Roberts’s fate destroy the dream of justice without the state?

MARCH 25, 2015 by ROBERT P. MURPHY

In evaluating stateless experiments like Silk Road, we have to ask, "As compared with what?" Certainly not an ideal. Try comparing Ross Ulbricht with Richard Nixon in Indochina.

Feature

Are Markets Myopic?

The illusion of government looking out for the long term

MARCH 11, 2015 by ROBERT P. MURPHY

Markets contain sophisticated mechanisms for rewarding long-term stewardship; democratic political institutions encourage extremely short-term thinking.

Feature

Unemployment Benefits: The Government Gets What It Pays For

Have the perverse incentives been proved?

FEBRUARY 25, 2015 by ROBERT P. MURPHY

The surprisingly robust growth in the US economy in 2014 may have been due to the late 2013 decision by Congress to cease extensions of unemployment benefits. When the federal government stopped sending checks to people who remained unemployed, more of them found work.

Feature

Do We Need the State to License Professionals?

Voluntary mechanisms tell the public which professionals are qualified

FEBRUARY 11, 2015 by ROBERT P. MURPHY

There are better and cheaper ways to achieve safety and efficacy than building state licensing regimes.

Feature

3 Myths about “Tax Reform”

How both Left and Right get it wrong

JANUARY 28, 2015 by ROBERT P. MURPHY

Liberals and conservatives alike fall for the three biggest taxation myths.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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