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The Politically Incorrect Guide to Capitalism - (Paperback)

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By Robert P. Murphy


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 itÌÎÌ_ÌÎ_ÌÎå«Ì´åÇs good for Americans) and zoning restrictions (why theyÌÎÌ_ÌÎ_ÌÎå«Ì´åÇre not). Just like the other books in the P.I.G. series, "The Politically Incorrect Guide to Capitalism" pulls no punches.

Most commonly accepted economic ÌÎÌ_ÌÎ_ÌÎÌ_Ì´å«factsÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´ are wrong. HereÌÎÌ_ÌÎ_ÌÎå«Ì´åÇs the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world ÌÎÌ_ÌÎ_ÌÎå«Ì´å and deformed public policy ÌÎÌ_ÌÎ_ÌÎå«Ì´å with politically correct errors about capitalism and economics in general. In "The Politically Incorrect Guide 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 clichÌÎÌ_Ì´åÇ_s 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 itÌÎÌ_ÌÎ_ÌÎå«Ì´åÇs good for Americans) and zoning restrictions (why theyÌÎÌ_ÌÎ_ÌÎå«Ì´åÇre 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 ÌÎÌ_ÌÎ_ÌÎå«Ì´å and why communist countries were the most polluted on earth
  • Raising taxes: why it is never ÌÎÌ_ÌÎ_ÌÎÌ_Ì´å«responsibleÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´
  • Why no genuine advocate for the downtrodden could endorse the dehumanizing welfare state
  • The single biggest myth underlying the publicÌÎÌ_ÌÎ_ÌÎå«Ì´åÇs support for government regulation of business
  • Antitrust suits: usually filed by firms that lose in free competition
  • How tariffs and other restrictions ÌÎÌ_ÌÎ_ÌÎÌ_Ì´å«protectÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´ privileged workers but make other Americans poorer
  • The IMF and World Bank: why they donÌÎÌ_ÌÎ_ÌÎå«Ì´åÇt 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 to Capitalism" is a solid and entertaining guide to free market economics. With his 12-step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.

Product Details

  • Paperback: 206 pages
  • Publisher: Regnery Publishing, Inc. (April 9, 2007)
  • Language: English
  • ISBN-10: 1596985046
  • ISBN-13: 978-1596985049