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How an Economy Grows and Why It Crashes Hardcover – May 3 2010


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Product Details

  • Hardcover: 256 pages
  • Publisher: Wiley (May 3 2010)
  • Language: English
  • ISBN-10: 047052670X
  • ISBN-13: 978-0470526705
  • Product Dimensions: 16 x 2.3 x 23.6 cm
  • Shipping Weight: 458 g
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (11 customer reviews)
  • Amazon Bestsellers Rank: #53,315 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

Review

‘If you feel you want to get a decent grasp of free-market economics…this book is the perfect place to start.' (Daniel Hannan, Telegraph.co.uk/Blog, July 2010).

From the Back Cover

EveR WONDER . . .
  • Why governments can spend without ever seeming to run out of money?
  • Why some countries are rich while others are poor?
  • Whether spending or saving is the best cure for a bad economy?
  • Where inflation comes from?
  • Why it's so hard to catch a fish with your bare hands?

How An Economy Grows And Why It Crashes

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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3 of 4 people found the following review helpful By Rachael on Feb. 19 2011
Format: Hardcover
Most of us are not aware of the basic forces at work in the economy ~ this insightful and humourous book presents a revealing perspective on our current economy - how it grew historically and why it is at such risk today. Told in the simplified style of an allegory of U.S. economic history beginning with 3 men on an island, Peter Schiff explains how the market grew and the morally corrupt role that government plays in undermining it. Brilliant, easy to read, powerful information, delivered in a way that everyone can understand and relate to. Highly recommended!
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Format: Hardcover Verified Purchase
A great book explaining the economy. Younger teens to seniors could even get a grasp of a complicated economy with these simple explanations. But keep in mind it is biased and from a right wing (neo-liberal or free market) view of the economy.
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Format: Hardcover Verified Purchase
Peter Schiff changed my life! A few years ago, I discovered him on youtube, and ever since I have been learning and spreading the message about freedom and protecting your wealth from inflation. Now that my nephew is old enough, I jumped at the chance to buy him this book. My nephew is obsessed with gold and I think Mr. Schiff will be a beacon of light, hope and trust for him going forward! I wish more Austrian Economists would write children books, but then I couldn't afford them all. :)
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Format: Hardcover
I can't count the amount of books I've read in my life about banking, monetary policies, economics, trading, capital markets etc, many of them are great but at the end, ironically enough, this book with cartoons is the one that I suggest to all my friends...
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6 of 8 people found the following review helpful By Jesse Lachance on April 27 2010
Format: Hardcover
So simple even a caveman can understand it!!!
Schiff is the Mohammad Ali of Economics!!!
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Format: Hardcover Verified Purchase
Nice and funny book. It presents basic economic concepts. I gave it to my kids also. Everyone should read.
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