Bob Murphy (economist)

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Bob Murphy
Robert Murphy (3x4 cropped).jpg
Murphy at the 2017 Mises Circle
Born (1976-05-23) May 23, 1976 (age 49)
Academic background
Alma mater Hillsdale College
(B.A., 1998)
New York University
(Ph.D, 2003)
Thesis Unanticipated Intertemporal Change in Theories of Interest  (2003)
Doctoral advisor Mario Rizzo
Influences
[1]

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.

Contents

Education

Murphy received a BA in economics at Hillsdale College in 1998 and a Ph.D. in economics at New York University in 2003. [3]

Career

Murphy is research assistant professor with the Free Market Institute at Texas Tech University. [4] 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, [5] the Institute for Energy Research (IER) as the senior economist focusing on climate change, [6] the Independent Institute, [7] the Ludwig von Mises Institute, [8] and the Fraser Institute in Canada. [9]

Murphy has written books such as Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015), [10] Primal Prescription with Doug McGuff, MD regarding healthcare in the United States, [11] and Lessons for the Young Economist (Mises Institute 2010). [12] He has written study guides to works of Ludwig von Mises and Murray Rothbard. [6] 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. [13] [ non-primary source needed ]

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 high inflation by 2013, which did not materialize by that time. [14] [15]

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. [16] 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". [17] [a] [18]

Environmental policy

Murphy has stated related to climate change that, "Many economists favor some form of government penalty on CO2 emissions because of the threat of climate change. However, the steps in the argument—going from computer simulations to a specific, numerical tax on economic activity today—are riddled with uncertainties". [19] [20]

Murphy has additionally been quoted as saying, "Given the large uncertainties at each major step of the case for reliance on a carbon tax, economists should reconsider their current support for such a policy". [19]

Additionally, Murphy has been quoted as stating, "I reject the peak oil theory insofar as it refers to technological limits on human ingenuity". [19]

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". [21]

Publications

Notes

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

References

  1. ↑ "Faculty Spotlight Interview: Robert Murphy". Mises Institute . April 6, 2010. Archived from the original on December 7, 2024. Retrieved July 10, 2025. I started getting interested in free market economics, and began reading the opinion section in the newspaper. My favorite writers were people like Thomas Sowell and Walter Williams... before I discovered them [Mises and Rothbard], probably my biggest hero was the physicist Richard Feynman. Not only was Feynman a genius when it came to physics, but he was actually practical; he could *do* things. My favorite story is how when Feynman was working on the atomic bomb during World War II, he figured out a way to crack the safes of the other scientists and gain access to Top Secret documents. When Feynman brought the security flaws to the military's attention, their solution wasn't to fix the problem, but instead to send out a memo telling everyone to be wary of Feynman. So I think Feynman's irreverent attitude, coupled with an insatiable thirst for knowledge in various disciplines, really influenced me, as far back as junior high.
  2. ↑ "Resumé/CV". Consulting by RPM. Archived from the original on June 20, 2025. Retrieved July 10, 2025.
  3. ↑ "Robert P. Murphy, Author at IER". IER. Archived from the original on August 15, 2020. Retrieved August 4, 2020.
  4. ↑ "Robert P. Murphy". Mises Institute. June 20, 2014. Archived from the original on August 8, 2019. Retrieved July 22, 2019.
  5. ↑ 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.
  6. 1 2 Robert P. Murphy profile Archived 2013-08-10 at the Wayback Machine , Institute for Energy Research, accessed December 9, 2013,
  7. ↑ Robert P. Murphy profile Archived 2013-12-14 at the Wayback Machine , Independent Institute, accessed December 5, 2013.
  8. ↑ Robert P. Murphy profile Archived 2014-09-14 at the Wayback Machine at Ludwig von Mises Institute, accessed December 5, 2013.
  9. ↑ "Robert P. Murphy". Archived from the original on September 24, 2016. Retrieved September 23, 2016.
  10. ↑ "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.
  11. ↑ "The Primal Prescription". May 21, 2015. Archived from the original on August 26, 2016. Retrieved September 23, 2016.
  12. ↑ "Lessons for the Young Economist". August 6, 2014. Archived from the original on September 24, 2016. Retrieved September 23, 2016.
  13. ↑ 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.
  14. ↑ Robert P. Murphy, "Killing the Currency" Archived 2013-06-30 at the Wayback Machine , The American Conservative, December 10, 2009.
  15. ↑ "Reason". November 30, 2014. Archived from the original on September 6, 2015. Retrieved January 5, 2016.
  16. ↑ 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.
  17. ↑ Lehrer, Brian (June 4, 2012). "The Brian Lehrer Show: Paul Krugman Weighs In." Archived 2014-02-03 at the Wayback Machine
  18. ↑ "Krugmandebate.com". Archived from the original on May 12, 2013. Retrieved April 20, 2013.
  19. 1 2 3 Grandia, Kevin. "Robert P. Murphy". DeSmog. Retrieved March 14, 2025.
  20. ↑ HHRG-115-IF03-TTF-MurphyR-20170329.pdf
  21. ↑ "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.
  22. ↑ Murphy, Robert P. (2010) [2002]. Chaos Theory: Two Essays on Market Anarchism (PDF). Bibliography compiled by Hans-Hermann Hoppe (2nd ed.). Auburn, Alabama: Mises Institute. ISBN   978-1-933550-65-7. Archived (PDF) from the original on June 29, 2025. Retrieved July 13, 2025.
  23. ↑ Murphy, Robert P. (2005). Home Study Course in Austrian Economics. Auburn, Alabama: Mises Institute. ISBN   978-1-61016-191-6. Archived from the original on June 19, 2025. Retrieved July 13, 2025.
  24. ↑ Murphy, Robert P. (2006). Study Guide to Man, Economy, and State with Power and Market. Auburn, Alabama: Mises Institute. ISBN   978-1-933550-00-8. Archived from the original on June 23, 2025. Retrieved July 13, 2025.
  25. ↑ Murphy, Robert P. (2007). The Politically Incorrect Guide to Capitalism. Washington, D.C.: Regnery Publishing. ISBN   978-1-59698-504-9.
  26. ↑ Murphy, Robert P. (2008). Study Guide to Human Action. Study questions written by Amadeus Gabriel. Auburn, Alabama: Mises Institute. ISBN   978-1-933550-38-1. Archived from the original on June 28, 2025. Retrieved July 13, 2025.
  27. ↑ McQuillan, Lawrence J.; Murphy, Robert P. (2009). The Sizzle of Economic Freedom: How Economic Freedom Helps You and Why You Should Demand More. San Francisco, California: Pacific Research Institute. Archived from the original on June 26, 2025. Retrieved July 13, 2025.
  28. ↑ Murphy, Robert P. (2009). The Politically Incorrect Guide to the Great Depression and the New Deal. Washington, D.C.: Regnery Publishing. ISBN   978-1-59698-096-9. Archived from the original on January 15, 2025. Retrieved July 13, 2025.
  29. ↑ Lara, L. Carlos; Murphy, Robert P. (2010). How Privatized Banking Really Works: Integrating Austrian Economics with the Infinite Banking Concept. United Services and Trust Corp. ISBN   978-0-615-32682-5. Archived from the original on January 9, 2025. Retrieved July 13, 2025.
  30. ↑ Murphy, Robert P. (2010). Lessons for the Young Economist (PDF). Auburn, Alabama: Mises Institute. ISBN   978-1-933550-88-6. Archived (PDF) from the original on November 30, 2024. Retrieved July 13, 2025.
  31. ↑ Murphy, Robert P. (2011). Study Guide to The Theory of Money and Credit (PDF). Auburn, Alabama: Mises Institute. ISBN   978-1-61016-235-7. Archived (PDF) from the original on April 11, 2024. Retrieved July 13, 2025.
  32. ↑ Murphy, Robert P. (2012). Lessons for the Young Economist: Teacher's Manual (PDF). Auburn, Alabama: Mises Institute. ISBN   978-1-61016-204-3. Archived (PDF) from the original on March 6, 2025. Retrieved July 13, 2025.
  33. ↑ Murphy, Robert P. (2013). The Three Lads and the Lizard King. ISBN   978-1-4944-4997-1. Archived from the original on June 22, 2025. Retrieved July 13, 2025.
  34. ↑ Murphy, Robert P.; Clemens, Jason; Palacios, Milagros; Veldhuis, Niels (2019) [2014]. Economic Principles for Prosperity (2nd ed.). Vancouver, British Columbia, Canada: Fraser Institute. ISBN   978-0-88975-304-4. Archived from the original on July 13, 2025. Retrieved July 13, 2025.
  35. ↑ Murphy, Robert P. (2015). Choice: Cooperation, Enterprise, and Human Action. Foreword written by Donald J. Boudreaux. Oakland, California: Independent Institute. ISBN   978-1-59813-217-5. Archived from the original on July 10, 2025. Retrieved July 13, 2025.
  36. ↑ Doug, McGuff; Murphy, Robert P. (2015). The Primal Prescription: Surviving The "Sick Care" Sinkhole. Primal Blueprint Publishing. ISBN   978-1-939563-09-5. Archived from the original on February 6, 2025. Retrieved July 13, 2025.
  37. ↑ Barta, Silas (2017). Understanding Bitcoin: The Liberty Lover’s Guide to the Mechanics & Economics of Crypto-Currencies (PDF). Archived (PDF) from the original on January 21, 2023. Retrieved July 13, 2025.
  38. ↑ Nash, R. Nelson; Lara, L. Carlos; Murphy, Robert P. (2018). The Case for IBC: How to Secede from Our Current Money Regime One Household at a Time (2nd ed.). Sheridan Books. ISBN   978-0-9997786-0-9. Archived from the original on June 23, 2025. Retrieved July 13, 2025.
  39. ↑ Murphy, Robert P. (2018). Contra Krugman: Smashing the Errors of America's Most Famous Keynesian. Foreword written by Ron Paul; Preface written by Tom Woods. ISBN   978-1-72233-179-5. Archived from the original on June 17, 2025. Retrieved July 13, 2025.
  40. ↑ Murphy, Robert P. (2021). Common Sense: The Case for an Independent Texas. Archived from the original on June 21, 2025. Retrieved July 13, 2025.
  41. ↑ Murphy, Robert P. (2021). Understanding Money Mechanics (PDF). Auburn, Alabama: Mises Institute. ISBN   978-1-61016-740-6. Archived (PDF) from the original on December 31, 2024. Retrieved July 13, 2025.
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