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The Politically Incorrect Guide to Capitalism

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The Politically Incorrect Guide to Capitalism

De: Dr. Robert P. Murphy
Narrado por: Perry Richards
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Participating in the economy is a part of everyday life, yet much of what is commonly accepted as fact is wrong. Keynesian schoolteachers and the liberal media have filled the world with politically correct errors that myth-busting professor Robert Murphy sets straight.

Murphy explains hot topics like outsourcing (why it's good for Americans) and zoning restrictions (why they're not). Just like the other books in the P.I.G. series, The Politically Incorrect Guide to Capitalism pulls no punches. Murphy defends the free market on such issues as safety regulations, racial discrimination, and child-labor laws, in a breezy manner that is anything but textbook-like. The Politically Incorrect Guide to Capitalism sets the record straight on everything you thought you knew about economics.

©2007 Robert P. Murphy (P)2007 Blackstone Audio Inc. Economía Política y Gobierno Capitalismo Impuestos Socialismo Banca Liberalismo Desigualdad económica

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"An invaluable introduction to free-market economics." (Congressman Ron Paul)
Educational Economics Primer • Clear Economic Explanations • Excellent Narration • Insightful Economic Examples
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Easy to listen to and really informative. I'm an dedicated capitalist - and I learned something every few minutes.

Very reasoned and solid.

Excellent and sober

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Difficult to present this subject matter concisely and clearly and this book does so with wonderful simplicity

Excellent subject presentation!

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This is an interesting listen. The author uses basic common sense to get his point across and makes several of these (very good) points. I would recommend this book to any policy-maker, voter, businessman, or anyone who simple wants to argue economic policy with their friends with more skill.

A Frank and Straightforward Look at Our System

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This book explains very clearly and in a very readable manner how our economic world works. It clearly shows contrast between capitalism, socialism and communism. It clearly shows why capitalism is the only way for society to operate.

easy to understand economics study

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Great summarization and simple explanation of complex economic issues. Full of great quotes and their source material that immediately follows each one.

Simple and entertaining

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A very good research of the truths and myths of capitalism. highly recommended book

Great information

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The author makes a lot of interesting and controversial points. Besides getting me to reconsider my views on overpayed athletes and ceo's he has convinced me that a lot of our government regulations are useless or even harmful compared to how the free market would deal with things. That being said I kept waiting for him to explore the logical extreme of pure capitalism. Touching on the matter of slavery we find that government intervention to abolish it was unnecessary, so I had hoped that he would explore other government regulated things like narcotics, alcohol and weapon sales. How about human trafficking, prostitution and murder for hire? If his next audio book deals with these issues I'll check it out (for the right price).

What about contraband and the black market?

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Great read. More people need to be educated about this stuff. This will change many people’s world view.

Read and learn!

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I didn't want to give this book such a low score. But without writing a counter argument near the length of the book I will try to summarize my complaints.

First, Capitalism is NOT a form of government so conflating it as such is a waste of time.

Second, "Pure" Capitalism would not be as idealistic as the author makes it out to be. It would be near unworkable like other extreme forms of popularism. Crony Capitalism and Coruption is a certainty when monopolies are concerned. I noticed that he did not mention the Microsoft Coruption over things like third party software like ZIP. Only the nonsense with Internet Explorer.

Third, Gobalism is a cancer upon humanity. Having a subjective "higher standards of living" by having oranges in winter snow do not make up for the fact that "Elites" use globalism as the levers of power to oppress the common man. This was just seen with the Lockdowns. They can now use hunger as a weapon because of outsourcing of production. It is also naive to think that foreign countries will not use blockades and sanctions to wage economic warfare. Look at European gas/energy prices and American Inflation as an example of the failure of globalism.

Fourth, since perfect information is not available to customers/employees/producers sometimes government regulation is preferred to free market forces. The fallcy comes in leaving the regulation in place after the market matures. The US car industry had sealed beam headlights as a mandatory standard. These were inarguably superior to European lights, until they were not. At which the regulation was petitioned for removal. Customers been human cannot always make the best choice. While more freedom from the government is always better regulation serves a role in modern society. The system has become too complex for anything else.

This book was filled with excellent economic theory, however. The Gold Standard was an excellent controller of government spending. The book is also correct in establishing the causal link between Inflation and money printing. While I totally agree about the inevitable failure and waste fullness of governmental spending programs.

Some programs must be paid for regardless of efficiency. Millitary/Police/Firefighter/Emergency Medical Services/Courts. These services should not be privatized for a number of reasons. You may have noticed I did not include Education or Wellfare. Education should always be up to the individual as should personal care.

I recommend this book to people who have a grasp on economics already.

50% Economic Theory 50% Economic Idealism

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I couldn’t believe how many myths were torn apart in a 5 or 6 hour book. It’s a great book and I highly recommend it. Murphy doesn’t go super in depth on each topic - he was obviously trying to keep it short rather than making the most thorough arguments possible. I’m partway through the audiobook The Creature From Jeckyl Island right now which goes way more in depth on quite of few of the topics covered in this politically incorrect guide.

Destroying Myths in Few Words

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