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Bob Murphy
Murphy at the 2017 Mises Circle
Born	(1976-05-23) May 23, 1976 (age 48)
Education	Hillsdale College (BA) New York University (PhD)
Academic career
Field	Financial Economics, Trade
Institution	Free Market Institute of Texas Tech University (2014–present) Fraser Institute (2013–present) Pacific Research Institute (2007–present) Hillsdale College (2003–2006) Ludwig Von Mises Institute (2003–present)
School or tradition	Austrian School
Doctoral advisor	Mario J. Rizzo
Influences	Murray Rothbard, Ludwig von Mises, Eugen Böhm von Bawerk, Hans-Hermann Hoppe, Joseph Salerno, Israel Kirzner, Richard Ebeling
Website	consultingbyrpm.com bobmurphyshow.com

Robert Patrick Murphy (born May 23, 1976) is an American economist. Murphy is research assistant professor with the Free Market Institute at Texas Tech University. He has been affiliated with Laffer Associates, the Pacific Research Institute, the Institute for Energy Research (IER), the Independent Institute, the Ludwig von Mises Institute, and the Fraser Institute.

Education

Murphy received a BA in economics at Hillsdale College in 1998 and a Ph.D. in economics at New York University in 2003.

Career

Murphy is research assistant professor with the Free Market Institute at Texas Tech University. He has been a visiting assistant professor at Hillsdale College, and a visiting scholar at New York University. He has been affiliated with Laffer Associates, the Pacific Research Institute, the Institute for Energy Research (IER) as the senior economist focusing on climate change, the Independent Institute, the Ludwig von Mises Institute, and the Fraser Institute in Canada.

Murphy has written books such as Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015), Primal Prescription with Doug McGuff, MD regarding healthcare in the United States, and Lessons for the Young Economist (Mises Institute 2010). He has written study guides to works of Ludwig von Mises and Murray Rothbard. Murphy authored the 2007 book The Politically Incorrect Guide to Capitalism. Murphy's book, The Politically Incorrect Guide to the Great Depression and the New Deal, published in 2009, blamed the Depression on government policies.

Erroneous inflation predictions

Murphy has been criticized by economists Brad DeLong and Paul Krugman for predicting that the quantitative easing practiced by the Federal Reserve in the late 2000s would create double-digit inflation and economic ruin by 2013, and notes that he lost the bet.

In 2013 Murphy challenged Krugman to a debate and unnamed supporters of Murphy promised to donate $100,000 to a charity if Krugman would debate Murphy on economic policy issues. A promotional website was established for the challenge. In response to a radio show caller, Krugman rejected the proposed debate, saying that the subject “is not something to be settled by public circuses" and added, "Why should I dignify that totally-wrong doctrine — that doctrine that's gotten everything wrong — by giving them a platform?", pointing to the erroneous inflation predictions.

Religious views

Murphy is a Christian, and has stated in his writings that "my ethical beliefs are informed by my Christian faith, and I am a firm believer in natural law".

Books

• Chaos Theory (2002) – Two essays on anarchocapitalism; one discussing the production of defense services, and the other describing the provision of private criminal and civil justice.
• The Politically Incorrect Guide to Capitalism (2007) – A volume in The Politically Incorrect Guide series published by Regnery Publishing. ISBN 978-1596985049 OCLC 79860752
• The Politically Incorrect Guide to the Great Depression and the New Deal (2009). ISBN 978-1596980969 OCLC 315239348
• Lessons for the Young Economist (2010) – available at Mises.org Library. ISBN 978-1933550886 OCLC 681711737
• Murphy, Robert P. (2018). Contra Krugman: Smashing the Errors of America's Most Famous Keynesian. Paul, Ron (foreword); Woods, Thomas E. (preface). ISBN 978-1722331795.

Notes

1. Exchange occurs at the 20:30 mark in the episode.

References

1. Clay (April 6, 2010). "Faculty Spotlight Interview: Robert Murphy". Mises Institute. Archived from the original on September 25, 2020. Retrieved August 4, 2020.
2. "Robert P. Murphy, Author at IER". IER. Archived from the original on August 15, 2020. Retrieved August 4, 2020.
3. "Robert P. Murphy". Mises Institute. June 20, 2014. Archived from the original on August 8, 2019. Retrieved July 22, 2019.
4. University, State of Texas and Texas Tech. "Free Market Institute – Our People – Robert Murphy, Ph.D." www.depts.ttu.edu. Archived from the original on September 24, 2016. Retrieved September 23, 2016.
5. ^ Robert P. Murphy profile Archived 2013-08-10 at the Wayback Machine, Institute for Energy Research, accessed December 9, 2013,
6. Robert P. Murphy profile Archived 2013-12-14 at the Wayback Machine, Independent Institute, accessed December 5, 2013.
7. Robert P. Murphy profile Archived 2014-09-14 at the Wayback Machine at Ludwig von Mises Institute, accessed December 5, 2013.
8. "Robert P. Murphy". Archived from the original on September 24, 2016. Retrieved September 23, 2016.
9. "Free Market Institute - Our People - Robert Murphy, Ph.D. | Free Market Institute | TTU". Archived from the original on September 24, 2016. Retrieved September 24, 2016.
10. "The Primal Prescription". May 21, 2015. Archived from the original on August 26, 2016. Retrieved September 23, 2016.
11. "Lessons for the Young Economist". August 6, 2014. Archived from the original on September 24, 2016. Retrieved September 23, 2016.
12. Raymond J. Keating, "Book review: The Politically Incorrect Guide to the Great Depression and the New Deal Archived 2014-01-13 at the Wayback Machine", The Freeman, December 22, 2010.
13. Robert P. Murphy, "Killing the Currency" Archived 2013-06-30 at the Wayback Machine, The American Conservative, December 10, 2009.
14. "Reason". November 30, 2014. Archived from the original on September 6, 2015. Retrieved January 5, 2016.
15. Carney, John (October 25, 2010). "Will Paul Krugman be Shamed Into Debating an Austrian Economics Wunderkind?". CNBC website. Archived from the original on June 24, 2013. Retrieved April 19, 2013.
16. Lehrer, Brian (June 4, 2012). "The Brian Lehrer Show: Paul Krugman Weighs In." Archived 2014-02-03 at the Wayback Machine
17. "Krugmandebate.com". Archived from the original on May 12, 2013. Retrieved April 20, 2013.
18. "Murphy, Robert P. "The Possibility of Private Law." Mises.org. 3 August 2005". July 22, 2005. Archived from the original on January 30, 2009. Retrieved September 13, 2014.

External links

• Robert P. Murphy website
• Robert P. Murphy at Contra Krugman (podcast)
• Robert P. Murphy at Institute for Energy Research: Profile
• Robert P. Murphy at Mises.org: Literature archives, Daily Article archives, Faculty Spotlight Interview: Robert Murphy
• Appearances on C-SPAN

v t e Anarcho-capitalism
Origins	Aristotelianism Austrian school of economics Marginalism School of Salamanca Subjective theory of value Objectivism Classical liberalism French Liberal School Homestead principle Labor theory of property Physiocracy Individualist anarchism
Concepts	Anti-statism Civil rights Corporate governance Counter-economics Decentralization Departurism Deregulation Economic liberalism Evictionism Free market Free-market roads Free trade Freedom of contract Individualism Jurisdictional arbitrage Laissez-faire Land tenure Market anarchism Natural law Non-aggression principle Polycentric law Private defense (Army (Company / list), Intelligence, Investigator, Police, Security) Private property Privatization Propertarianism Property rights Right to property Self-ownership Spontaneous order Title-transfer theory of contract Voluntaryism
People	Bruce L. Benson Walter Block Bryan Caplan Gerard Casey Anthony de Jasay David D. Friedman Hans-Hermann Hoppe Michael Huemer Stephan Kinsella Nick Land Michael Malice Javier Milei Robert P. Murphy Wendy McElroy Lew Rockwell Murray Rothbard Joseph Salerno Jeffrey Tucker Tom Woods Curtis Yarvin
Works	The Market for Liberty (1970) For a New Liberty (1973) The Machinery of Freedom (1973) Defending the Undefendable (1976) The Ethics of Liberty (1982) To Serve and Protect (1998) Democracy: The God That Failed (2001) The Myth of the Rational Voter (2007) The Voluntary City (2002) The Problem of Political Authority (2012)
Issues	Abortion Anarchism Capital punishment Criticism Foreign affairs Immigration Inheritance Intellectual property Internal debates LGBT rights Minarchism Objectivism Political parties Politics Theories of law
Related topics	Accelerationism Agorism Paleo-libertarianism Right-libertarianism Libertarianism in the United States Left-libertarianism
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