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How An Economy Grows And Why It Crashes
Understanding how all the pieces of an economy fit together canbe a daunting task—especially when the experts can't seem todo it. But when you get down to the basics, it is much easier thanyou may think. How an Economy Grows and Why It Crashes usesillustrations, humor, and accessible storytelling to take economicsoff its lofty shelf and put it back on the kitchen table where itbelongs.
This straightforward story of fish, nets, saving, and lendingexposes the gaping holes that lie hidden in our global economicconversation. With wit and humor, the Schiffs explain the roots ofeconomic growth, the importance of trade, savings, and risk, thesource of inflation, the effects of interest rates and governmentstimulus, the destructive nature of consumer credit, and many othereconomic principles that are so frequently discussed and so poorlyunderstood.
The story may appear simple on the surface but it will leave youwith a powerful understanding of How an Economy Grows and Why ItCrashes.
Great book. I felt like I understood economics better after reading this book compared to what I learned in my business degree. Read morePublished on Dec 2 2011 by Nathanael
If you are like me and you were never taught anything growing up in our educational system and you had to learn everything on your own, this book is perfect by simplifying a... Read morePublished on Nov. 18 2011 by chris
To say the least, this is a really great book. By simply using a story about a couple of guys on an island trying to catch fish, the Schiff family has managed to explain the... Read morePublished on Oct. 30 2011 by Mark Iradian
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