How an Economy Grows and Why It Crashes Hardcover – May 3 2010
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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).
Using illustration, humour and storytelling, the authors take economics off its lofty shelf and place it back on the kitchen table (TheStar.com, September 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.See all Product Description
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Top Customer Reviews
I understand your skepticism of me: with such a positive review, it's quite likely that I profit at least to some extent from this book's sales. This should ease your mind: it's super-easy to find this book for free online. If everyone, and specifically every politician, read this book, then the world would be a better place. And that's not expecting much: a 10-year-old could probably read this in four hours.
Plus, the illustrations are just hilarious to keep your attention away from what should be a dull subject.
If there is only one thing I have to complain about the book, is it feels too short and can be read in a few hours. While knowledge is a good thing, I'm not sure if the 20 dollar price tag justifies such a short-term read. But despite this, it is a book that everyone should have even if they don't plan on becoming an economic expert.
Most recent customer reviews
Common sense economics you'll never read in any economics text book or journal. This should be economics 101 in universities.Published 9 months ago by John Warmann
Nice and funny book. It presents basic economic concepts. I gave it to my kids also. Everyone should read.Published 21 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 on May 9 2014 by John Johnson
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... Read morePublished on Nov. 8 2012 by Ben
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