The Politically Incorrect Guide to Capitalism

Front Cover
Regnery Publishing, Apr 9, 2007 - Business & Economics - 206 pages
26 Reviews
Most commonly accepted economic "facts" are wrong Here's the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world--and deformed public policy--with politically correct errors about capitalism and economics in general. In The Politically Incorrect Guide(tm) to Capitalism, myth-busting professor Robert P. Murphy, a scholar and frequent speaker at the Ludwig von Mises Institute, cuts through all their nonsense, shattering liberal myths and fashionable socialist cliches to set the record straight. Murphy starts with a basic explanation of what capitalism really is, and then dives fearlessly into hot topics like:
* Outsourcing (why it's good for Americans) and zoning restrictions (why they're not)

* Why central planning has never worked and never will

* How prices operate in a free market (and why socialist schemes like rent control always backfire)

* How labor unions actually hurt workers more than they help them

* Why increasing the minimum wage is always a bad idea

* Why the free market is the best guard against racism

* How capitalism will save the environment--and why Communist countries were the most polluted on earth

* Raising taxes: why it is never "responsible"

* Why no genuine advocate for the downtrodden could endorse the dehumanizing Welfare State

* The single biggest myth underlying the public's support for government regulation of business

* Antitrust suits: usually filed by firms that lose in free competition

* How tariffs and other restrictions "protect" privileged workers but make other Americans poorer

* The IMF and World Bank: why they don't help poor countries

* Plus: Are you a capitalist pig? Take the quiz and find out! Breezy, witty, but always clear, precise, and elegantly reasoned, The Politically Incorrect Guide(tm) to Capitalism is a solid and entertaining guide to free market economics. With his twelve-step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.

  

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Review: The Politically Incorrect Guide to Capitalism (Politically Incorrect Guides)

User Review  - Kyle - Goodreads

An excellent, straight-to-the-point overview of capitalism and markets. If you like freedom, enterprise and common sense, you'll enjoy it. If you prefer socialism, it will rub you the wrong way. Read full review

Review: The Politically Incorrect Guide to Capitalism (Politically Incorrect Guides)

User Review  - Brandon Byrd - Goodreads

The first few chapters felt like an exposition of theory without examples or evidence, but then it got more interesting as it went along. Plus it's short, so it makes it a nice, quick read. Read full review

Selected pages

Contents

CAPITALISM PROFITS AND ENTREPRENEURS
1
THE PRICE IS RIGHT BY DEFINITION
9
LABOR PAINS
17
THE CASE AGAINST ANTIDISCRIMINATION LAWS
29
SLAVERY PRODUCT OF CAPITALISM OR OF GOVERNMENT?
41
HOW CAPITALISM WILL SAVE THE ENVIRONMENT
49
ENSURING SAFETY THE MARKET OR BIG BROTHER?
61
SETTLING DEBTS
79
RUNNING GOVERNMENT LIKE A BUSINESS
127
TRUSTING THE FEDS ON ANTITRUST
137
TRADE WARS
147
MAKING MONEY IN THE GLOBAL VILLAGE
159
THE INVESTOR CLASS IN OTHER WORDS YOU AND ME
173
A TWELVESTEP PLAN FOR UNDERSTANDING THE FREE MARKET
185
ACKNOWLEDGMENTS
187
NOTES
189

MONEY AND BANKING
85
GROWING PAINS
97
BREAD AND CIRCUSES POPULAR GOVERNMENT PROGRAMS
115

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