How an Economy Grows and Why It Crashes

How an Economy Grows and Why It Crashes

4.4 40
by Peter D. Schiff
     
 

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Understanding how all the pieces of an economy fit together can be a daunting task—especially when the experts can't seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on

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Overview

Understanding how all the pieces of an economy fit together can be a daunting task—especially when the experts can't seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs.

This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood.

The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes.

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Product Details

ISBN-13:
9780470526705
Publisher:
Wiley
Publication date:
05/03/2010
Pages:
256
Product dimensions:
6.00(w) x 9.10(h) x 0.90(d)

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Meet the Author

Peter D. Schiff is the bestselling author of Crash Proof 2.0: How to Profit from the Economic Collapse and The Little Book of Bull Moves in Bear Markets. This is his first collaboration with his brother Andrew J. Schiff, a recognized expert in economic and financial communications.

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How an Economy Grows and Why It Crashes 4.4 out of 5 based on 0 ratings. 40 reviews.
RolfDobelli More than 1 year ago
Talk about economics for even a few minutes, and watch your listeners' eyes glaze over. But tell them a story that grabs their attention and makes them smile - then you can teach them anything. That's the tactic controversial Libertarian Irwin Schiff used to teach his sons - brokers Peter D. Schiff and Andrew J. Schiff - the basics of economics. The Schiff brothers have cleverly updated their dad's "fish story," first published in 1979, to show how decades of political and economic blunders have led to financial crisis. With cute cartoons and witty, though deliberately imprecise, characterizations, their picture book presents a fable about the ways that politics and human frailty can lead people to violate the rules of supply and demand - thus creating fishy fiscal headaches. Inserted "reality checks" relate the story's ideas to current events to explain the tale's metaphors to readers at all levels of financial sophistication. While some may disagree with the authors' libertarian views, others may recognize underlying realities in their allegory. getAbstract recommends this fine fable to anyone seeking a simple presentation of a complicated subject. To learn more about this book, check out the following link: http://www.getabstract.com/summary/14107/how-an-economy-grows-and-why-it-crashes.html
Anonymous More than 1 year ago
This book put the basics of economics into an easy to read, entertaining, and surprisingly humorous story of an island and how it's economy grew from three people fishing with their hands, to how the US's economy is now. Peter Schiff takes what most people view as a very complicated subject, and boils it down to a very simple and easy to read story. I knew very little about economics and loved the book just as much as my boyfriend did, who spends his spare time reading up on everything about economics and knows a lot. This book is eye opening, and really helps you get a grasp on how our economy got to be how it is now.
Svetoslav-Elenkov More than 1 year ago
Very easy to read. It's enjoyable, and informative. Even if you understand austrian economics, you'll still get a kick out of reading this. I also recommend it as a gift or educational tool. As an author I appreciate the ability to balance the content of the book so anyone could enjoy it.
WSMtrumpet More than 1 year ago
Wonderful book. It makes economics very easy to understand to somebody of any age. It's a very eye-opening book by an expert on the subject.
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