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Chaos Theory
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"Government intervention in the institutions of money and banking sowed the seeds of the worldwide asset bubble in the early and mid-2000s, which could only result in a giant crash according to this line of thought. Once the crash had occurred, the recession was prolonged by yet more government intervention in the form of massive deficits, expansion of unemployment payments, and ever more regulations on businesses in the private sector. Only by returning to a genuinely free market, based on the classical liberal notions of private property, civil liberties, and peace among nations, can we return to the prosperity and steady improvement of living conditions that we had come to take for granted. Those who endorse the Austrian analysis believe it is crucial to spread this message, not just to academics, but to the intelligent layperson as well. That is the primary function of the present volume. It provides an introduction and an invitation to the most important work of arguably the most important Austrian economist"--
Understanding Money Mechanics
Understanding Money Mechanics provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist, most of the material in this book is a neutral presentation of historical facts and an objective description of the mechanics of money creation in today's world. This book is intended to be a reference for all readers, whether "Austrian" or not, and to bridge the gap by providing a crash course in the necessary theory and history while keeping the discussion tethered to current events. Understanding Money Mechanics covers numerous topics, including the classical gold standard, the Fed's open market operations, changes in central bank policy since the coronavirus, the economics of Bitcoin, and a critique of Modern Monetary Theory (MMT).
Politically Incorrect Guide to Capitalism
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.
Summary of Robert P. Murphy's Chaos Theory
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The legal system is the only aspect of society that requires State provision. However, the elimination of the State will not lead to lawless chaos. Voluntary institutions will emerge to effectively and peacefully resolve the disputes that arise in everyday life. #2 A stateless society would not have a single set of laws binding everyone. All actions would be subject to contract, and fairness and objectivity would be ensured by Arbitration Agency X.
Contra Krugman
WITH A FOREWORD BY RON PAUL If you believe in the unhampered free market, the New York Times' Paul Krugman thinks you're an idiot. This book is a relentless assault on the ideas of Krugman, and on the Keynesian economics that would have the government direct the economy in order to maximize prosperity and prevent recessions. In fact, the more they try to manage the economy the worse they make it -- as during the housing bubble years, when the Fed and the federal government colluded to gin up the housing market in order to keep the economy robust after 9/11. Oops. Unfortunately for Krugman and his followers, Krugman is able to declare victory for Keynesianism only by citing highly selective d...
Man, Economy, and State
The prose of Man, Economy, and State by Murray Rothbard is as clear as a bell. But its sheer size (1441 pages!) is intimidating. After all, Rothbard systematically covers the whole of economic science. Fortunately, the young and brilliant economist Robert Murphy has come to the rescue! In writing the Study Guide to Man, Economy, and State, he had his students in mind. He wanted to design a great teaching tool, one that would reach students the same way a private tutor would. He wanted to help Rothbard's magnum opus have permanent impact on their thinking. He accomplished his goal! The guide provides a roadmap to this massive book, complete with summaries, technical notes, annotations of key ...
