The Politically Incorrect Guide(tm) to
Capitalism (Politically Incorrect
Guides) by Robert P. Murphy
Very Good
Participating in the economy is a part of everyday life, yet much of what is
commonly accepted as economic 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 its good for Americans) and zoning restrictions
(why theyre not). Just like the other books in the P.I.G. series, The
Politically Incorrect GuideT to Capitalism pulls no punches.
Personal Review: The Politically Incorrect Guide(tm) to
Capitalism (Politically Incorrect Guides) by Robert P. Murphy
Robert Murphy's "The Politically Incorrect Guide to Capitalism" is an
attempt at tackling the most insidious myths about capitalism and free
markets. I believe, he is successful in his attempt.

Dr. Murphy's attempt is indeed a good introduction to free market
economics, explaining the role of self interest has in the formation of
markets and trade, production and consumption. It does that while also
debunking most of the often held and cherished myths that permeate the
public, like minimum wages, rent controls, the role of greed and the
interest rate.
it is a shame the book cannot cover everything - Murray Rothbard already
tackled that task admirably on a 1000 page opus (!) Not precisely light
reading. Murhpy's book, on the other hand, gives one the basics of
economics in a fun and readable way, to have a basic understanding of
economic activity and free markets.
In very simple terms, he explains why:
- Zoning laws increases the cost of real estate and of housing
- Why centrally-commanded economics cannot work nor has ever worked.
- Why increasing the minimum wage creates unemployment among the
least productive (youths, first time workers, the elderly).
- Why regulation, tariffs and other anti-market schemes are not really
meant to "stick it to Big Business" or "leveling the playing field", but rather
these help big business by increasing the cost of business for their
competition, normally small businesses, and increase the cost of goods for
the consumer.
Highly enjoyable for those that believe in freedom and trust people's
rationality, I recommend it also for people that believe in government
regulation and control of the economy - please, read the book and
question your assumptions, for your very liberties depend on changing
your rosy views about government.
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