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Robert P. Murphy

Robert P. Murphy
Robert P. Murphy

Robert P. Murphy is Research Assistant Professor with the Free Market Institute at Texas Tech University. He is the author of Choice: Cooperation, Enterprise, and Human Action (Independent Institute 2015) and co-host with Tom Woods of the popular podcast Contra Krugman.

Robert P. Murphy's Articles and Posts

The Big Short and the Ratings Agencies The Freeman
The Big Short Misleads on Ratings Agencies

The movie blames market forces without looking to the role government intervention played.

Santa Needs Prices The Freeman
Santa Needs Prices

He knows if you’ve been bad or good, but without price signals, Santa can’t know how best to fill your stocking.

Odd Defenders of China’s One-Child Policy The Freeman
Odd Defenders of China’s One-Child Policy

The one-child policy was a horrible violation of liberty. It also hurt China economically.

Star Trek's Pseudo-Economics The Freeman
Star Trek's Pseudo-Economics

The economic problem of scarce resources becomes more difficult to solve as technology expands.

There's No Such Thing as Excessive Profits The Freeman
There's No Such Thing as Excessive Profits

Ludwig von Mises recognized the importance of profits in adjusting plans to reality.

Why We're Still Debating the Decades-Old Crude-Oil Ban The Freeman
Why We're Still Debating the Decades-Old Crude-Oil Ban

The ban on exporting crude oil shows a complete disregard for basic economics.

Are Prisoners Who Make Low Wages Being Exploited? The Freeman
Are Prisoners Who Make Low Wages Being Exploited?

The normal logic of win-win market exchanges between employer and employee may not apply in prison.

3 Stock Market Tips from an Economist The Freeman
3 Stock Market Tips from an Economist

Studying economics won’t show you how to get rich playing the stock market, but it will spare you from making a fool of yourself at the next cocktail party.

How Many People Can Planet Earth Sustain? The Freeman
How Many People Can Planet Earth Sustain?

Free societies turn the threat of population growth into its own solution.

Capitalists Have a Better Plan The Freeman
Capitalists Have a Better Plan

Complementary to Hayek’s now-better-known problem of dispersed knowledge, Mises stressed the calculation problem of socialist planning.

War Is No Excuse for Socialist Planning The Freeman
War Is No Excuse for Socialist Planning
After the fall of the Soviet Union, just about everybody agreed that full-blown central planning was a bad way to produce food, cars, and television sets. However, people still seem to have a soft spot for planning when it comes to a “war economy.” 
5 Unintended Consequences of Regulation and Government Meddling The Freeman
5 Unintended Consequences of Regulation and Government Meddling

Well-intentioned laws can cause serious mischief and hurt the very groups supposedly being helped.

How to Outsource Your Compassion to the Government The Freeman
How to Outsource Your Compassion to the Government

Millions of people have trouble earning a living. Isn’t it perverse to burden those who are doing the most to alleviate the problem? 

Nanoaggressions: Testing the Limits of Libertarian Legal Doctrine The Freeman
Nanoaggressions: Testing the Limits of Libertarian Legal Doctrine

Arthur Firstenberg’s real-life lawsuit against his neighbor’s “radiation” tests the limits of libertarian legal doctrine.

"Paid Family Leave" Is a Great Way to Hurt Women The Freeman
"Paid Family Leave" Is a Great Way to Hurt Women

Mandating paid leave will reduce hiring opportunities and base pay, especially for women.   

Rest in Equilibrium: Explaining John Nash's Beautiful Idea Anything Peaceful
Rest in Equilibrium: Explaining John Nash's Beautiful Idea
Yes, A Beautiful Mind butchered it. 
Paul Krugman: Three Wrongs Don’t Make a Right The Freeman
Paul Krugman: Three Wrongs Don’t Make a Right
Paul Krugman claims he has been “right about everything.” And yet, he has been utterly wrong on so many things. We catalog his mistakes here for your reading pleasure.
The Parenthood Market The Freeman
The Parenthood Market
A deregulated adoption market would transfer children from parents who are less willing to provide love and care to those who are more willing.
The Economics of Karaoke (and Other Necessities) The Freeman
The Economics of Karaoke (and Other Necessities)
Market prices themselves aren’t bad — they are simply messengers conveying underlying facts about scarcity.
The Costs of Hysteria The Freeman
The Costs of Hysteria
It is understandable that noneconomists would fail to employ marginal analysis and would engage in overblown rhetoric when discussing something as controversial as climate-change policy. However, too many professional economists have fallen into this bad habit.
The Silk Road Back to Leviathan? The Freeman
The Silk Road Back to Leviathan?
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. 
Are Markets Myopic? The Freeman
Are Markets Myopic?
Markets contain sophisticated mechanisms for rewarding long-term stewardship; democratic political institutions encourage extremely short-term thinking.
Unemployment Benefits: The Government Gets What It Pays For The Freeman
Unemployment Benefits: The Government Gets What It Pays For

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.

Do We Need the State to License Professionals? The Freeman
Do We Need the State to License Professionals?

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

3 Myths about “Tax Reform” The Freeman
3 Myths about “Tax Reform”
Liberals and conservatives alike fall for the three biggest taxation myths.

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