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

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.

Feature

In Defense of Uber’s Surge Pricing

Making the best of a bad situation

JANUARY 14, 2015 by ROBERT P. MURPHY

Complaints against surge pricing are actually laments against the cosmic fact of scarcity. Surge pricing makes the best of a bad situation.

Feature

Let There Be Money

The free market has its own brand of fiat

JANUARY 07, 2015 by ROBERT P. MURPHY

Until we're clear on the market's role in establishing the commonly accepted medium of exchange, we will continue to muddy the waters with talk of fiat versus free-market money.

Feature

Does Government Spending Boost the Economy?

Stimulus boosters assume their conclusions

DECEMBER 17, 2014 by ROBERT P. MURPHY

Don't trust empirical "proof" when the alleged evidence assumes as true the very issue under dispute.

Feature

The Laffer Curve: Will Tax Cuts Pay for Themselves?

“Voodoo economics” versus straw-man arguments

DECEMBER 03, 2014 by ROBERT P. MURPHY

Those who deride the theoretical apparatus of supply-side economics -- the Laffer curve -- are attacking straw men.

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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