The Politically Incorrect Guide to Capitalism.
by
 
Murphy, Robert P.

Title
The Politically Incorrect Guide to Capitalism.

Author
Murphy, Robert P.

ISBN
9781596986176

Personal Author
Murphy, Robert P.

Physical Description
1 online resource (189 pages)

Series
The Politically Incorrect Guides

Contents
Title Page -- Dedication -- ARE YOU A CAPITALIST PIG? TAKE THE QUIZ AND FIND OUT! -- Chapter One - CAPITALISM, PROFITS, AND ENTREPRENEURS -- So what is capitalism, anyway? -- Laissez-faire versus regulation -- Free to starve? -- Mass production for the masses -- Central planning versus the "anarchy" of production -- We won the Cold War! Or did we? -- Chapter Two - THE PRICE IS RIGHT (BY DEFINITION) -- Prices are signals -- The big fuss over "Big Oil" -- Running out of gas . . . -- Rent control (or, How to destroy a neighborhood) -- Chapter Three - LABOR PAINS -- Baseball players make more than teachers! Where are our priorities? -- Even bad CEOs deserve the big bucks -- Child labor laws are unnecessary -- The minimum wage (or, How to create unemployment) -- Unions hurt the working man -- Give me a break! -- Chapter Four - THE CASE AGAINST ANTI-DISCRIMINATION LAWS -- The free market's "racist fee" -- Discrimination is bad for business -- The "discriminating" customer -- Private property and the freedom of association -- There's nothing "affirmative" about affirmative action -- So everything's hunky-dory? -- Chapter Five -- Government protects slavery -- Slavery was declining before state interference -- Slavery: Immoral, yes, but also inefficient! -- The rising price of slaves -- If slavery is so inefficient, then why did it exist at all? -- Chapter Six - HOW CAPITALISM WILL SAVE THE ENVIRONMENT -- Rhinos versus cows -- Conservation for whom? -- We'll cross that bridge when we get to it -- The ultimate bet: Ehrlich bombs -- Recycle? Or dump? -- The pollution of activist government -- Chapter Seven - ENSURING SAFETY: THE MARKET OR BIG BROTHER? -- There's always a trade-off . . . -- Market safety -- The regulators: Third-party guarantors -- Is there a doctor in the house? -- Safety: Taking it to the streets.
 
Good intentions with deadly consequences -- Chapter Eight - SETTLING DEBTS -- Deficits don't cause inflation -- Deficits crowd out private investment -- Raising taxes isn't "responsible" -- Burdening our grandchildren? -- Reagan's record -- Clinton's budget -- Chapter Nine - MONEY AND BANKING -- Barter is barbarous -- Nobody invented money -- We're from the government and we're here to help -- Printing more money makes prices rise -- Banking basics -- "Wildcat" banking -- Chapter Ten - GROWING PAINS -- The business cycle: Courtesy of the government -- The "progressive" Herbert Hoover -- The New Deal didn't fix the Depression -- Did World War II get us out of the Depression? -- The whole is not the sum of the parts -- A (government) penny spent is a penny earned -- Chapter Eleven - BREAD AND CIRCUSES: POPULAR GOVERNMENT PROGRAMS -- NASA: Needlessly dangerous -- Outer space: Too big for the private sector? -- Capitalists: Just out for a buck? -- LBJ's war on taxpayers -- Sacrosanct Social Security -- Chapter Twelve - RUNNING GOVERNMENT LIKE A BUSINESS -- Profits versus bureaucracy -- Amtrak -- Going postal over poor service -- Public utilities -- Government in a jam -- Chapter Thirteen - TRUSTING THE FEDS ON ANTITRUST -- The myth of the robber barons -- The infamous case of Standard Oil -- The case against antitrust -- The case for Microsoft -- Chapter Fourteen - TRADE WARS -- Tariffs are taxes on Americans -- Protecting jobs? -- Classical wisdom -- Debunking the deficit -- The trade deficit: Follow the money -- Chapter Fifteen - MAKING MONEY IN THE GLOBAL VILLAGE -- Manufacturing a crisis -- Outsourcing destroys jobs? -- Outsourcing makes America richer -- The high-tech sector: Another phony crisis -- Capital export is a capital idea -- We're from the world government and we're here to help.
 
Chapter Sixteen - THE INVESTOR CLASS: IN OTHER WORDS, YOU AND ME -- Interest: Sooner is better than later -- The importance of middlemen -- The farsighted speculator -- Futures and other derivatives: To each according to his ability... -- Raiders of the lost corporation -- A TWELVE-STEP PLAN FOR UNDERSTANDING THE FREE MARKET -- Acknowledgements -- NOTES -- INDEX -- Copyright Page.

Abstract
Most commonly accepted economic "facts" are wrong Here's the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world--and deformed public policy--with politically correct errors about capitalism and economics in general. In The Politically Incorrect Guide(tm) 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 cliches 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 it's good for Americans) and zoning restrictions (why they're 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--and why Communist countries were the most polluted on earth * Raising taxes: why it is never "responsible" * Why no genuine advocate for the downtrodden could endorse the dehumanizing Welfare State * The single biggest myth underlying the public's support for government regulation of business * Antitrust suits: usually filed by firms that lose in free competition * How tariffs and other restrictions "protect" privileged workers but make other Americans poorer * The IMF and World Bank: why they don't 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(tm) to Capitalism is a solid and
 
entertaining guide to free market economics. With his twelve-step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.

Local Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

Subject Term
Capitalism -- United States.
 
Free enterprise.
 
United States -- Economic conditions.
 
United States -- Economic policy.

Genre
Electronic books.

Electronic Access
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LibraryMaterial TypeItem BarcodeShelf NumberStatus
IYTE LibraryE-Book1242784-1001HB501 -- .M88 2007 EBEbrary E-Books