October 4, 2007 – Dr. Robert Murphy

October 4, 2007

  • Social interaction
  • Discussion of current issues and events

And a lively conversation with our featured speaker

Robert Murphy
Adjunct Fellow, Ludwig von Mises Institute
& Pacific Research Institute, leading Austrian economist

Politically Incorrect Virtues of Capitalism

This talk will focus on areas where the free market leads to outcomes that most people say they want, even though these same people probably think government needs to provide regulation to achieve the outcome. For example, the free market penalizes discriminatory business practices and encourages stewardship of natural resources.

In addition, controversial practices such as outsourcing and hostile takeovers are actually good for the consumer and make most Americans richer.

Robert Murphy is an adjunct fellow with the Ludwig von Mises Institute and the Pacific Research Institute. He’s an economist with the Institute for Energy Research specializing in the economics of climate change. His research focuses on the proper discount rate to be used in cost-benefit analyses and the implications of structural uncertainty for policy solutions.

He received his Ph.D. in economics from New York University in 2003, where he wrote his dissertation on capital and interest theory. After teaching at Hillsdale College for three years, he moved to the financial sector to work as an analyst for Arthur Laffer, of Laffer Curve fame. At Laffer Associates he worked on research papers forecasting interest and exchange rates, growth, and inflation.

He’s the author of The Politically Incorrect Guide to Capitalism. He’s written over 100 articles for the layman on free-market economics. He’s also given numerous radio interviews and public lectures on economic topics.

He’s written study guides for the economic treatises of Ludwig von Mises and Murray Rothbard. He designed a Home Study Course in Austrian School economics.

He’s also published several scholarly articles and notes in peer-reviewed journals, including The Journal of the History of Economic Thought, The American Journal of Economics and Sociology, and The Review of Austrian Economics.

  • We gather at 7pm on the first Thursday of each month and begin our organized meeting around 7:30.
  • The featured speaker is normally introduced at about 8. The meeting continues until about 10.
  • Please note: Junto is not the usual sort of meeting with a long speech followed by Q & A. Invited speakers give a short presentation, and then are challenged to defend their assertions. Discussions are intense, but polite.

General Society Library
20 West 44th St.
Between 5th & 6th avenues, near Grand Central Terminal

Subway: 4, 5, 6, 7 to Grand Central – 42nd St.,
B, D, F, V to 42nd St. – Sixth Ave., or
1, 2, 3, 9, N, Q, R, S, or W to Times Square – 42nd St.

Admission is free, and no reservation is necessary.

Junto focuses on libertarianism, Objectivism — the philosophy of Ayn Rand — and investing.

Our founder and host is Victor Niederhoffer, publisher (with Laurel Kenner) of Daily Speculations.


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