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Robert Murphy

Robert Murphy

Christian, Austrian economist, and libertarian theorist. Research Prof at Texas Tech and author of *Choice*. Paul Krugman's worst nightmare.

Articles by Robert Murphy

Murphy Twin Spin

September 13, 2021

==> I was recently on David Gornoski’s show, talking about the state of the USA.

==> I respond to Krugman claiming the pandemic was an Austrian shock.

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Murphy Twin Spin

August 26, 2021

==> I critique the “climate plans” of the 4 major Canadian federal parties.

==> BMS ep 212: The Nixon Shock Was Only the Final Nail in the Coffin of the Gold Dollar.

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Bob Murphy Show catch-up

August 7, 2021

Yikes, here are the latest episodes:

BMS ep. 208: Per Bylund on the Importance of the Austrian School

ep. 209: Bob Murphy Critiques Curtis Yarvin’s Explanation of Inflation

ep. 210: M. Night Shyamalan Is Giving You Permission to Be a Superhero

ep. 211: Bob Murphy Explodes Popular Myths About Money

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Catching up on the Podcast: Murphy Quintuple Play

July 2, 2021

Bob Murphy Show episodes:

203 on “What Did Bob Learn?” Part 2 of 3

204 on Scott Sumner arguing the Fed was too tight in 2008.

205 on Matt McCaffrey on entrepreneurship and Chinese military history.

206 on “What Did Bob Learn?” Part 3 of 3

and

207 on “They Said What?!” John Lennon edition.

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Murphy Twin Spin

June 30, 2021

Here is my interview with Joanthan Dunne of The Blaze. And below is the quick story of my conversion:

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New Developments in Austrian Interest Theory

May 15, 2021

Bob Murphy Show ep. 198 is a guest lecture I gave to Jonathan Newman’s online Master’s class for the Mises Institute. I set the historical table for BMS ep. 199, in which I talked with Jeff Herbener about his recent presentation at an Austrian conference on the pure time preference theory of interest. It was very surprising for me, because Jeff was much closer to my position than I expected, going into the discussion.

Audio for BMS ep 198 here, video below (with PowerPoint):

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And then the audio for BMS ep 199 here, with video below:

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Tyler Cowen’s Expansive Definition of Externalities

May 4, 2021

Jeff Bezos can spend his money on himself, or he could give it to other people, so they could spend it on themselves. If he opts for the former, this is a clear-cut negative externality. Right?

I think most economists would agree that that is a terrible argument. And yet, it seems to be what Tyler Cowen says, regarding old people spending their own money on themselves before they die, rather than passing it on to others. David R. Henderson shares my confusion.

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Tyler Cowen’s Expansive Definition of Externalities

May 4, 2021

Jeff Bezos can spend his money on himself, or he could give it to other people, so they could spend it on themselves. If he opts for the former, this is a clear-cut negative externality. Right?

I think most economists would agree that that is a terrible argument. And yet, it seems to be what Tyler Cowen says, regarding old people spending their own money on themselves before they die, rather than passing it on to others. David R. Henderson shares my confusion.

Read More »

Murphy Formally Withdrawing from the Auburn-Fairfax Peace Treaty

May 4, 2021

Several years ago, a bunch of Austrian economists affiliated with the Mises Institute agreed to a peace treaty with a bunch of economists affiliated with George Mason University. At the time, there had just been a really ugly online battle, not so much between the actual professional economists, but among their fan bases.

Although I remember well why we did it, I now am formally announcing my withdrawal from the treaty. To be sure, I will not engage in unprovoked aggression or other acts in violation of Internet etiquette, but I want to have a free hand in criticizing Tyler Cowen in my next blog post. Being Lawful Good in my D&D alignment, I felt it necessary to make this announcement first.

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Murphy Formally Withdrawing from the Auburn-Fairfax Peace Treaty

May 4, 2021

Several years ago, a bunch of Austrian economists affiliated with the Mises Institute agreed to a peace treaty with a bunch of economists affiliated with George Mason University. At the time, there had just been a really ugly online battle, not so much between the actual professional economists, but among their fan bases.

Although I remember well why we did it, I now am formally announcing my withdrawal from the treaty. To be sure, I will not engage in unprovoked aggression or other acts in violation of Internet etiquette, but I want to have a free hand in criticizing Tyler Cowen in my next blog post. Being Lawful Good in my D&D alignment, I felt it necessary to make this announcement first.

Read More »

LSE Climate Economics “Expert”: Liar or Stupid?

May 3, 2021

I report, you decide.

I am working on a study for the Fraser Institute that relies on the work of William Nordhaus. Long-time readers of my stuff know the irony of this work, because Nordhaus won the Nobel (Memorial) Prize in 2018 for his pioneering work on climate economics, on the same weekend that the UN released its Special Report on limiting global warming to 1.5C. The irony comes from the fact that Nordhaus’ own work shows that even a 2.5C limit–let alone a 1.5C one–would be so economically damaging, that it would be better if governments did nothing at all about climate change.

So in response to a reviewer report on my study draft, I went digging around for more recent commentary on Nordhaus. I came across the following in an essay from Bob Ward,

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LSE Climate Economics “Expert”: Liar or Stupid?

May 3, 2021

I report, you decide.

I am working on a study for the Fraser Institute that relies on the work of William Nordhaus. Long-time readers of my stuff know the irony of this work, because Nordhaus won the Nobel (Memorial) Prize in 2018 for his pioneering work on climate economics, on the same weekend that the UN released its Special Report on limiting global warming to 1.5C. The irony comes from the fact that Nordhaus’ own work shows that even a 2.5C limit–let alone a 1.5C one–would be so economically damaging, that it would be better if governments did nothing at all about climate change.

So in response to a reviewer report on my study draft, I went digging around for more recent commentary on Nordhaus. I came across the following in an essay from Bob Ward,

Read More »

Bob Murphy Triple Play

May 3, 2021

==> Here’s my recent article for mises.org, explaining and criticizing one of the important contributions of the late Nobel laureate, Robert Mundell.

==> BMS ep. 196, in which Stephan Livera interviews me on the economics of Bitcoin. (There’s some new ground I cover in this one, if you’ve heard me talk about Bitcoin before.)

==> BMS ep. 197, in which I interview David Beckworth on the logic of NGDP targeting, and what the Fed is up to. Audio here, video below:

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Read More »

Bob Murphy Triple Play

May 3, 2021

==> Here’s my recent article for mises.org, explaining and criticizing one of the important contributions of the late Nobel laureate, Robert Mundell.

==> BMS ep. 196, in which Stephan Livera interviews me on the economics of Bitcoin. (There’s some new ground I cover in this one, if you’ve heard me talk about Bitcoin before.)

==> BMS ep. 197, in which I interview David Beckworth on the logic of NGDP targeting, and what the Fed is up to. Audio here, video below:

[embedded content]

Read More »