How An Economy Grows and Why It Crashes

How An Economy Grows and Why It Crashes

A Tale

Book - 2010
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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 hisbrother 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 theSchiffs' 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"--
Publisher: Hoboken, NJ : Wiley, c2010
ISBN: 9780470526705
Branch Call Number: 338.542 SCH
Characteristics: xxii, 233 p. : ill. ; 24 cm
Additional Contributors: Schiff, Andrew

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mkeast31
Sep 27, 2011

I have never read a book about economics this easy to understand. It breaks economic concepts down to their simplest form, so even the most novice of audience can digest. It uses illustrations and humor to add entertainment to a subject which could otherwise be dry. I highly recommend this book. Our current hardships could be overcome with the light this sheds on the problems.

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sanbaz
Aug 23, 2011

Easy to understand and a must read book. I like this author.

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