8 /10 1 Votes8
Media type Print ISBN 978-1-59698-504-9 Originally published 1 January 2006 Page count 206 | 4/5 Goodreads Pages 206 Dewey Decimal 330.12/2 OCLC 79860752 | |||||||||||||||||||||||||||||||||
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Series The Politically Incorrect Guide Preceded by The Politically Incorrect Guide to Global Warming and Environmentalism Followed by The Politically Incorrect Guide(tm) to the Constitution Similar The Politically Incorrect Guide books, Economics books | ||||||||||||||||||||||||||||||||||
The Politically Incorrect Guide to Capitalism is a 2007 book by Austrian school economist Robert P. Murphy. It is the ninth book in the Regnery Publishing The Politically Incorrect Guides (P.I.G.) series.
Written as a result of a poll by P.I.G. readers that stated a book on economics, The Politically Incorrect Guide to Capitalism aims to refute what it sees as common misconceptions resulting from Keynesian economics about what capitalism actually is.
The Politically Incorrect Guide to Capitalism argues against criticisms of capitalism, amongst which are:
Instead, Murphy argues that they result from government efforts to regulate the free market that have the effect of distorting laissez-faire supply and demand that would encourage the most rational allocation of resources possible, as well as their conservation for future generations. For example, with endangered species such as rhinos it is argued that if they were freely traded those who used their parts would have a stake in maintaining supply and conservation would improve (page 49). It is likewise argued that antitrust laws are unnecessary and that the "robber barons" actually benefited the US' poor much more than any government aid has ever done.