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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.
Nice and funny book. It presents basic economic concepts. I gave it to my kids also. Everyone should read.Published 6 months ago by Emil Trankarov
A great book explaining the economy. Younger teens to seniors could even get a grasp of a complicated economy with these simple explanations. Read morePublished 11 months ago by John Johnson
i was completely unaware of almost everything this book spelled out so clearly for me. its amazing to think that poor government decisions are the root of all the economic problems... Read morePublished on Sept. 16 2011 by d
My 13 year old read this and understood every word. As well, she laughed and enjoyed the drawings. This book is great because it cuts through all the fallacies that we are taught... Read morePublished on June 18 2010 by Cathy D. Schouten