How an Economy Grows and Why It Crashes

How an Economy Grows and Why It Crashes

4.4 40
by Peter D. Schiff, Andrew J. Schiff
     
 

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How 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…  See more details below

Overview

How 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.

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Product Details

ISBN-13:
9780470768006
Publisher:
Wiley
Publication date:
04/30/2010
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
256
Sales rank:
549,649
File size:
10 MB

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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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