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| ==Inflation prediction== | ==Inflation prediction== | ||
| In the context of his 2009 piece arguing that the current economic crisis may compel the US Dollar to be abandoned entirely by the end of the ], (to be replaced by the ] or some other currency "issued by a supranational organization") Murphy urged investors to purchase an "emergency stockpile" of physical gold and silver, and predicted double-digit inflation.<ref>http://www.theamericanconservative.com/articles/killing-the-currency/</ref> | In the context of his 2009 piece arguing that the current economic crisis may compel the US Dollar to be abandoned entirely by the end of the ], (to be replaced by the ] or some other currency "issued by a supranational organization") Murphy urged investors to purchase an "emergency stockpile" of physical gold and silver, and predicted double-digit inflation.<ref>http://www.theamericanconservative.com/articles/killing-the-currency/</ref> | ||
| Krugman points out that Murphy "has been predicting double-digit inflation for years but remains absolutely committed to his framework" despite the predictions being unfulfilled.<ref>{{cite web | url=http://krugman.blogs.nytimes.com/2012/12/30/is-our-austerians-learning/ | title=Is Our Austerians Learning? | work=] | date=December 30, 2012 | accessdate=1 November 2013}}</ref> | |||
| ==Books== | ==Books== | ||
Revision as of 03:57, 2 November 2013
For other people named Robert Murphy, see Robert Murphy (disambiguation).| Robert P. Murphy | |
|---|---|
 | |
| Born | (1976-05-23) May 23, 1976 (age 48) |
| Nationality | American |
| Academic career | |
| Field | Financial Economics, Trade |
| Institution | Pacific Research Institute (2007–present) Institute for Energy Research (2007–present) Hillsdale College (2003–2006) |
| School or tradition | Austrian School |
| Alma mater | New York University (PhD) 2003 Hillsdale College (B.A.) 1998 |
| Influences | Eugen Böhm von Bawerk, Ludwig von Mises, Murray Rothbard |
Robert P. "Bob" Murphy (born 23 May 1976) is an Anarcho-capitalist and economist. Murphy is an adjunct scholar at the Ludwig von Mises Institute and an economist for the Institute for Energy Research.
Education, personal life and career
Murphy received his Bachelor of Arts in economics at Hillsdale College in 1998 and his Ph.D. in economics at New York University in 2003. From 2003 until 2006, Murphy was Visiting Assistant Professor of Economics at Hillsdale College. From 2006 until early 2007, he was employed with Laffer Associates.
In 2010, unnamed promoters established a website which claims to have raised $105,000 to be donated to a charity in the event that Nobel laureate economist Paul Krugman debates Robert Murphy on Austrian business cycle theory.
Condemnation of government and the state
Murphy has called the State "a monopoly institution of violence." and has stated that he advocates privatization of the legal system, although he denies that "any 'law' that passes the profit-and-loss test is a good one." In a 2007 interview, he stated: "Many leftists are cynical, bitter people. They have a natural distrust of success. And since the capitalist system undeniably works – and moreover, it works precisely by harnessing the self-interest of people – then its very essence is offensive to these people."
Also in 2007, Murphy discussed slavery in the antebellum U.S. South:
So in a truly free market – even if it started out with some people classified as the "property" of other people – there would be tremendous incentives for the slaves to buy their freedom from their masters. Don't get me wrong, that would be horribly unfair and they shouldn't have to do that in the first place, but nonetheless widespread slavery wouldn't persist if the rest of the economy were a free market.... Yet that's not what happened historically. Indeed, there were all sorts of government interventions that propped up the "peculiar institution." Just a few examples: (1) mandatory slave patrols, in which the local governments forced non-slave owners to defray the costs of the institution, (2) laws against educating slaves, and (3) laws curtailing manumission, i.e. the practice of freeing one's slaves (often in one's will).... So as these two examples demonstrate, the popular historical accounts of the antebellum South and the 1930s get things exactly backwards. It was government intervention in voluntary, private affairs that propped up slavery and led to the Great Depression.
Inflation prediction
In the context of his 2009 piece arguing that the current economic crisis may compel the US Dollar to be abandoned entirely by the end of the Obama Presidency, (to be replaced by the Amero or some other currency "issued by a supranational organization") Murphy urged investors to purchase an "emergency stockpile" of physical gold and silver, and predicted double-digit inflation.
Krugman points out that Murphy "has been predicting double-digit inflation for years but remains absolutely committed to his framework" despite the predictions being unfulfilled.
Books
- Chaos Theory (2002) – A short work composed of two essays on market anarchy; one discussing the production of defense services, and one describing the provision of private criminal and civil justice.
- The Politically Incorrect Guide to Capitalism (April 2007) – A volume in The Politically Incorrect Guide series published by Regnery Publishing.
- The Politically Incorrect Guide to the Great Depression and the New Deal (April 2009)
- Lessons for the Young Economist (2010)
- How Privatized Banking Really Works – Integrating Austrian Economics with the Infinite Banking Concept (2010) co-written with L. Carlos Lara
Notes
- Glazov, James. "The Politically Incorrect Guide to Capitalism." Interview with Robert Murphy. FrontPage Magazine. 18 April 2007.
- "Excerpts: Free & Natural." Pittsburgh Tribune-Review. 25 March 2007.
- Carney, John (Oct 25,2010). "Will Paul Krugman be Shamed Into Debating an Austrian Economics Wunderkind?". CNBC website. Retrieved 19 April 2013.
{{cite news}}: Check date values in:|date=(help). - Murphy, Robert. "The Possibility of Private Law". Mises Daily. Mises Institute. Retrieved 19 April 2013.
- ^ Glazov, Jamie. "The Politically Incorrect Guide to Capitalism". FrontPage Magazine. Retrieved 19 April 2013.
- http://www.theamericanconservative.com/articles/killing-the-currency/
- "Is Our Austerians Learning?". New York Times. December 30, 2012. Retrieved 1 November 2013.
External links
- Robert Murphy's Blog, Free Advice
- Robert Murphy at Mises.org
- Murphy article archives at LRC via Way Back Machine
- Interview discussing Murphy's Politically Incorrect Guide to Capitalism with Scott Horton
- Book review by Thomas Woods of Murphy's Politically Incorrect Guide to Capitalism
- In Studio: "Lessons for the Young Economist" interview with Robert P. Murphy, November 2010 (YouTube)
| Austrian school economics | |
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| Influences | |
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| See also | |
- 1976 births
- Living people
- American academics
- American economics writers
- American economists
- American historians
- American libertarians
- American political writers
- Anarcho-capitalists
- Austrian School economists
- Libertarian economists
- Libertarian theorists
- Hillsdale College alumni
- New York University alumni
- Hillsdale College faculty
- People from New York City
- American Christians