The Politically Incorrect Guide to Capitalism

Front Cover
Regnery Publishing, Apr 9, 2007 - Business & Economics - 206 pages
5 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.

What people are saying - Write a review

User ratings

5 stars
3
4 stars
2
3 stars
0
2 stars
0
1 star
0

LibraryThing Review

User Review  - HistReader - LibraryThing

As a defender of capitalism but not someone with more than a macroeconomics course under my belt, this book wasn't surprising or Earth-shattering for me. What The Politically Incorrect Guide to ... Read full review

LibraryThing Review

User Review  - teewillis1981 - LibraryThing

Robert Murphy masterfully dispels popular myths regarding capitalism and destroys neo-liberal theories of prosperity. Should be required reading in all high school/college economic classes. Read full review

Other editions - View all

References to this book

Bibliographic information