How an Economy Grows and Why It Crashes: Two Tales of the Economy (Hardback)
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DescriptionHow an Economy Grows and Why it Crashes uses illustration, humor, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, economic expert and bestselling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature "take no prisoners" logic to expose the glaring fallacies that have become so ingrained in our country's economic conversation. Inspired by How an Economy Grows and Why It Doesn't a previously published book by the Schiffs' father Irwin, a widely published economist and activist How an Economy Grows and Why It Crashes incorporates the spirit of the original while tackling the latest economic issues.With wit and humor, the Schiffs explain the roots of economic growth, the uses of capital, the destructive nature of consumer credit, the source of inflation, the importance of trade, savings, and risk, and many other topical principles of economics. The tales told here may appear simple of the surface, but they will leave you with a powerful understanding of How an Economy Grows and Why it Crashes.
- Published: 18 May 2010
- Format: Hardback 256 pages
- ISBN 13: 9780470526705 ISBN 10: 047052670X
- Sales rank: 19,369
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Reviews for How an Economy Grows and Why It Crashes
Good, easy, fun, factual read
I?ve completed reading this book and I can say that I have learned a lot better about the economy from it than from an economic textbook. The authors, Peter D Schiff & Andrew J Schiff, show you how an economy grows (from scratch) to how it prospers and how it suffers. I especially like that he uses fish to represent money in his story telltale; money a concept that is easily manipulated. The story, presented using illustrations in a humorous and sometimes satirical manner, relates much to how our present economy is being managed. The book is such an easy read that a primary school kid can begin to enjoy such subject like economics, while the grown ups can get a truer understanding of economics. He explains how some economist and ?experts? have their fundamental understanding backwards and make it seem so complex that the average joe would be easily duped. Heard of fishflation (inflation) before? If not, read this book. ;) by Roger Tan