Jon Murphy

Contributor

Jon Murphy an Assistant Professor of Economics at Nicholls State University and Associate Fellow at the Institute for an Entrepreneurial Society. He holds a Ph.D. in Economics from George Mason University.  Dr. Murphy has published in information economics, history of thought, and pedagogy research in academic journals such as The Journal of Economic Behavior and Organization and The Journal of Institutional Economics.

  • Does Market Concentration Signal Monopoly?

    “The Coasean theory of the firm is noticeably absent from antitrust discussions. Failure to understand that firms arise to lower costs can lead to incorrect conclusions.” ~Jon Murphy

    Does Market Concentration Signal Monopoly?
  • What Did Cause the COVID Shortages?

    “By not understanding the causes of the disruptions during the pandemic, protectionists advocate for policies that would ultimately make supply chains, and consequently the US economy, more vulnerable.” ~Jon Murphy

    What Did Cause the COVID Shortages?
  • Do Shortages Signal the Fragility of Free Trade?

    “If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy

    Do Shortages Signal the Fragility of Free Trade?
  • Did Market Failures Require A Lockdown Response?

    “Economists and policymakers must ask the question: what are people actually doing in the status quo to manage the harm? We may find that what, on its face, appears to be a failure is actually preferable to the reasonable and feasible alternatives.” ~ Jon Murphy

    Did Market Failures Require A Lockdown Response?
  • An Avalanche of Failure

    “When the feedback mechanism of personal interaction is overruled by a grand scheme, even if it is noble and (seemingly) virtuous, there can be strong negative results that cause the central planner to double, triple, or quadruple down on his failed scheme, resulting in even more problems.” ~ Jon Murphy

    An Avalanche of Failure
  • Liberalism Was Born and Grew During Centuries of Pandemics

    “Liberalism, as we know it today, was formed not in recent times of peace and prosperity, but in the crucible of the 1600s and 1700s. Indeed, some authors trace liberalism’s roots all the way back to the fall of the Roman Empire.” ~ Jon Murphy

    Liberalism Was Born and Grew During Centuries of Pandemics