Robert P. Murphy

Senior Fellow, Fraser Institute

Robert P. Murphy is a Senior Fellow at the Fraser Institute, Research Assistant Professor with the Free Market Institute at Texas Tech University, Research Fellow at the Independent Institute and author of the widely acclaimed book Choice: Cooperation, Enterprise, and Human Action. He is also Senior Economist for the Institute for Energy Research and a Senior Fellow with the Mises Institute. Murphy received his Ph.D. in economics from New York University. Previous positions include Visiting Assistant Professor of Economics at Hillsdale College, Visiting Scholar at New York University, Research Analyst at Laffer Associates, and Senior Fellow in Business and Economic Studies at the Pacific Research Institute. He runs the blog Free Advice and is also the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, The Study Guide to Man, Economy, and State with Power and Market, The Human Action Study Guide, The Study Guide to The Theory of Money & Credit by Ludwig von Mises, and Lessons for the Young Economist. He has also written hundreds of economics articles for the layperson, has given numerous radio and television interviews on such outlets as Fox Business and CNBC, and is active on Twitter (@BobMurphyEcon).

Recent Research by Robert P. Murphy

— Aug 11, 2016
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Ontario vs. Michigan: Policy Lessons from the Wolverine State notes that while Michigan has revived its manufacturing sector since the recession, Ontario's manufacturing sector continues to struggle. Michigan's rebound is due largely to several significant policy reforms, which include replacing the complex Michigan Business Tax (MBT) with a simpler corporate income tax of six per cent, implementing sharp budget cuts followed by a period of limited spending growth, and the introduction of “right-to-work” legislation.

— Mar 3, 2016
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Despite good intentions, raising the minimum wage will do little to reduce poverty mainly because most minimum-wage earners don’t live in low-income household. Raising the Minimum Wage: Misguided Policy, Unintended Consequences diffuses the notion that the typical minimum-wage earner is a single parent struggling to survive.

— Jun 18, 2015
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Ontario vs. the US Rust Belt: Coping with a Changing Economic World, finds that despite solid GDP and job growth numbers, Ontario amassed far more government debt than every single Rust Belt state between 1999 and 2013. Policymakers in Ontario often blame the province’s poor fiscal performance, during this time period, on external forces such as a fluctuating Canadian dollar and global restructuring in manufacturing. But some Rust Belt states maintain larger manufacturing sectors than Ontario, and subsequently are more sensitive to changes in the manufacturing sector.