Robert P. Murphy, Ph.D

Senior Fellow, Business and Economic Studies

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Robert P. Murphy is 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.

Murphy 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. In addition, he worked on budgetary and tax analyses with an emphasis on California.

Murphy has written over 100 articles for the layman on free-market economics and is the author of The Politically Incorrect Guide to Capitalism (Regnery 2007). He has also given numerous radio interviews and public lectures on economic topics.

Besides employing these popular outlets, Murphy has written study guides for the economic treatises of Murray Rothbard and Ludwig von Mises, and designed a Home Study Course in Austrian School economics. He has 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.