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Robert P. Murphy

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Robert P. Murphy is research assistant professor with the Free Market Institute at Texas Tech University and a Research Fellow at the Independent Institute. 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

No, Robot Overlords Will Not Take Over

Capitalism is driven by value, and value is determined by human beings in their role as final customers.

- June 24, 2016

Capitalism Gave Power to the People

If “power to the people” means anything, it means a world of widespread respect for property rights, where powerful groups cannot appeal to political authorities to get their way.

- May 18, 2016

Airbnb: Regulation without Government

Comparing Airbnb’s voluntary regulation with government agencies’ political regulation highlights the market’s superiority.

- April 20, 2016

Look at the Growth We'd Get from Less Government

Our economic malaise is entirely the product of horrible government policies.

- March 16, 2016

A Scientific Consensus on What Now?

Time and again, references to “the consensus” are greatly exaggerated, while people pointing out enormous problems with the case for policy action are dismissed as “deniers.”

- March 01, 2016

The Big Short Misleads on Ratings Agencies

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

- January 18, 2016

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.

- December 15, 2015

Odd Defenders of China’s One-Child Policy

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

- November 18, 2015

Star Trek's Pseudo-Economics

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

- November 04, 2015

There's No Such Thing as Excessive Profits

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

- October 22, 2015

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

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

- October 07, 2015

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.

- September 24, 2015

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.

- September 09, 2015

How Many People Can Planet Earth Sustain?

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

- August 27, 2015

Capitalists Have a Better Plan

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

- August 18, 2015

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.” 

- July 30, 2015

5 Unintended Consequences of Regulation and Government Meddling

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

- July 15, 2015

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? 

- July 02, 2015

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.

- June 17, 2015

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

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

- June 02, 2015

Rest in Equilibrium: Explaining John Nash's Beautiful Idea

Yes, A Beautiful Mind butchered it. 

- May 29, 2015

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.

- May 20, 2015

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.

- May 06, 2015

The Economics of Karaoke (and Other Necessities)

Market prices themselves aren’t bad — they are simply messengers conveying underlying facts about scarcity.

- April 21, 2015

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