Politically Incorrect Guide to Capitalism

Politically Incorrect Guide to Capitalism

# 001638

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Item #: 001638
ISBN: 9781596985049
Grades: 8-AD

Publisher Description:

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.

Category Description for Politcally Incorrect Guides:

"No economic myth these days is more pernicious than the myth that the free market caused the Great Depression and the New Deal got us out of it." Hmm...I wasn't aware that was a myth. "Not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover's and Franklin Delano Roosevelt's big government policies afterwards made it much longer and much worse." That certainly goes against the flow of mainstream educational, political, and historical knowledge. What an education this book on the Great Depression is! It's a fascinating, entertaining read through the causes, actions, and effects of the Great Depression, and the lessons that should have been learned for today (but obviously were not). This is just one of the riveting titles from the Politically Incorrect Guide™ to____ series: guides that will shock your presuppositions and confirm your suspicions, open your eyes and give you good reason to take a lot of mainstream “knowledge” with a grain of salt. These are hot topics that touch every aspect of our society today; issues that (according to the publisher of this series) politically correct historians, academia, and the media have hijacked for use in accomplishing their own agendas. The P.I.G. series promises to bust these politically correct myths with “cold, hard facts.” These titles are authored by experts in their fields – people who are well-versed in the arguments and details of all sides of the debates and who do a fantastic job of laying out facts and opinion, history and interpretations in an engaging, often humorous manner. So far, I have only read the guides to Global Warming (see item #46735 in Science) and The Great Depression, but I could hardly put them down! I am looking forward to quite an education in conservative thought and values as I read through the rest of the series. Please also see the P.I.G. titles in our Science, Bible, and Reading sections. – Zach

Primary Subject
Grade Start
Grade End
Robert P. Murphy
Softcover Book
Brand Name
Regnery Publishing
0.8125 (lbs.)
9.0" x 7.3" x 0.4"
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for high school Economics homeschool course, 12th grade
JULIE H. on Mar 2, 2022
for high school Economics homeschool course, 12th grade
JULIE H. on Mar 2, 2022
This is a great alternative to the current narrative that attacks Capitalism in favor of socialism. I
Mindy C on Aug 30, 2021
This is a great alternative to the current narrative that attacks Capitalism in favor of socialism. I
Mindy C on Aug 30, 2021
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