Misunderstood Capitalism

Misunderstood Capitalism Book Description Participating in economic activities is a part of daily life; But many of the common notions about what is right from an economic standpoint are wrong. Keynesian educators and anti-market media fill the world with falsehoods that are thought to be true. Professor Robert Murphy challenges these myths one by one in his book Misunderstood Capitalism: - Capitalism eliminates racism, improves the environment and forms the core of a free society. - Cheap imports do not reduce employment. - “Robber bosses” mainly helped the poor (as much as the states could not) - The 1980s were not the “decade of greed”. - Athletes deserve the high wages they receive. - Just as capitalism did not cause the Great Depression, the cure for the crisis was not the New Deal [laws]. • Capitalism eliminates racism, improves the environment and creates the core of a free society. • Cheap imports do not reduce employment. • “Robber bosses” essentially helped the poor (as much as the states could not) • The 1980s were not the “decade of greed”. • Athletes deserve the high wages they receive. • Just as capitalism did not cause the Great Depression, the New Deal [laws] were not the cure for the crisis. (From the Promotional Bulletin)