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Robert P. Murphy

Tags Legal SystemAustrian Economics OverviewBusiness Cycles

Works Published inThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsMises ReviewThe Free MarketReview of Austrian Economics, Volumes 1-10The AustrianSpeeches and PresentationsMises Daily ArticleArticles of Interest

Robert P. Murphy is a Senior Fellow with the Mises Institute and Research Assistant Professor with the Free Market Institute at Texas Tech University. He is the author of many books including Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015) which is a modern distillation of the essentials of Mises's thought for the layperson. Murphy is co-host, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column.

Chaos Theory by Robert Murphy
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Chaos Theory

Political Theory

01/01/2002Books
Working within a Rothbardian framework, Murphy takes up the challenge of Hans Hoppe regarding the role of market insurance in property security to extend the analysis to the security of person.
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Lessons for the Young Economist by Robert Murphy
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Lessons for the Young Economist

EducationAustrian Economics Overview

03/10/2011Books
Murphy's textbook prepares the student for both conventional economic studies in the future, and provides the logical rigor and policy clarity that only the Austrian School perspective can offer.
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Mises Seminar in Nashville 2018
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Will Fed Rate Hikes Crash the Market?

The FedFinancial MarketsU.S. Economy

04/17/2018Audio/Video
Bob Murphy at the Mises Institute seminar in Nashville, Tennessee, 14 April 2018.

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The Rothbardian Critique of Consumer Sovereignty

PricesProduction TheoryValue and Exchange

04/13/2018Mises Daily Articles
Notwithstanding its endorsement by Mises, many modern Austrians reject the notion of consumer sovereignty as an inaccurate political metaphor.

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Consumer Sovereignty: What Mises Meant

Production TheoryValue and Exchange

04/04/2018Mises Daily Articles
Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources.

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Quarterly Journal of Austrian Economics
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Is Garrison's Notion of "Secular Growth" Compatible With the Solow Growth Literature?

Capital and Interest TheoryOther Schools of Thought

04/02/2018Quarterly Journal of Austrian Economics
The present paper clarifies ambiguities from earlier discussions of whether Garrison’s usage of “secular growth” is more likely to resonate with a neoclassical or Austrian reader.
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Socialism: The Calculation Problem Is Not the Knowledge Problem

Calculation and Knowledge

Blog03/16/2018

This market process is what allows a capitalist system to efficiently allocate resources, whereas a socialist system cannot—not even “in principle.”

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