How an Economy Grows and Why It Crashes
Inspired by How an Economy Grows and Why It Doesn’t—a previously published book by the Schiffs’ 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.
I really enjoyed this book. Its a novel way of explaining basic economics. Although the author has pretty strong views against government intervention in the economy. While I dont necessarily disagree with these views I feel like this permeated a bit too much through the book. I definitely enjoyed the multiple parodies of real people using fish references. George W. Bass and Barack Ocuda are two of the leaders of Usonia haha. Although its a massive simplification you can still get the gist of
This funny from the first impression book describes not so funny thesis. The US economy is not so stable as many people think. Years of spending more than they earn, living on a credit, not boosting economy and mainly production but only services. And increasing budget deficit and selling their debts to China and Japan can finish very badly. This situation can't last for ever. And panacea for trouble can't be further making debt. The funny fact is that Alan Greenspan frequently mentioned in the
If you read this one book, and then formulate your opinions about the market with this material alone, you are a moron. This book will forever stick in my memory as a yardstick to determine intelligence by. I told my wife that it isnt bad, per se. Its just stupid, wrong, and written for a 5th grader. Admittedly, it simplifies a huge problem in a concise manner but thats the problem. It is such an oversimplification that it allows the author to subtly interject erroneous beliefs into the
Usually, I don't read books in a single stretch but this is one of those books that I couldn't get enough of.When it comes to the 2008 Financial Crisis, not many economists are able to explain it in layman's terms. Peter Schiff does an extremely good job in dissecting the basic concepts of Economics from scratch. This is an exceptionally well-written book and specially curated for the layman. The way Schiff relates to the concepts is laudable. He starts off by using the fish analogy and bases
If you read this one book, and then formulate your opinions about the market with this material alone, you are a moron. This book will forever stick in my memory as a yardstick to determine intelligence by. I told my wife that it isnt bad, per se. Its just stupid, wrong, and written for a 5th grader. Admittedly, it simplifies a huge problem in a concise manner but thats the problem. It is such an oversimplification that it allows the author to subtly interject erroneous beliefs into the
Quite a fun little book. Really enjoyed it.It is told in a fictional way based on the lives of some island people.Is it over simplified? Probably. Who cares.It explains what is needed in an easy to understand and fun way.Combine this book with The Dictator's Handbook: Why Bad Behavior is Almost Always Good Politics and you've got yourself a lot of reason to be mad at government and politicians.Probably not meant for everyone, but a sweet and short filler.
Peter D. Schiff
Hardcover | Pages: 233 pages Rating: 4.15 | 3486 Users | 373 Reviews
Itemize Books Concering How an Economy Grows and Why It Crashes
Original Title: | How an Economy Grows and Why It Crashes |
ISBN: | 047052670X (ISBN13: 9780470526705) |
Edition Language: | English |
Literary Awards: | Corine Internationaler Buchpreis for Wirtschaftsbuch (2011) |
Narrative In Pursuance Of Books How an Economy Grows and Why It Crashes
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 his brother 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 the Schiffs’ 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.
Identify Containing Books How an Economy Grows and Why It Crashes
Title | : | How an Economy Grows and Why It Crashes |
Author | : | Peter D. Schiff |
Book Format | : | Hardcover |
Book Edition | : | Deluxe Edition |
Pages | : | Pages: 233 pages |
Published | : | May 3rd 2010 by Wiley (first published April 29th 2010) |
Categories | : | Economics. Nonfiction. Business. Finance. Politics |
Rating Containing Books How an Economy Grows and Why It Crashes
Ratings: 4.15 From 3486 Users | 373 ReviewsAppraise Containing Books How an Economy Grows and Why It Crashes
Peter and Andrew Schiff wrote this book based on the book by the father Irwin. It combines simple explanations and cartoon-like illustrations on almost every page to lay out clearly the effects of government intervention in the market. It begins with three men on a Pacific-style island who work all day to catch one fish with their bare hands--just enough to survive. One of them, Abel, finally gets tired of sustenance living and his desire for more leads him to invent a net. Abel has to goI really enjoyed this book. Its a novel way of explaining basic economics. Although the author has pretty strong views against government intervention in the economy. While I dont necessarily disagree with these views I feel like this permeated a bit too much through the book. I definitely enjoyed the multiple parodies of real people using fish references. George W. Bass and Barack Ocuda are two of the leaders of Usonia haha. Although its a massive simplification you can still get the gist of
This funny from the first impression book describes not so funny thesis. The US economy is not so stable as many people think. Years of spending more than they earn, living on a credit, not boosting economy and mainly production but only services. And increasing budget deficit and selling their debts to China and Japan can finish very badly. This situation can't last for ever. And panacea for trouble can't be further making debt. The funny fact is that Alan Greenspan frequently mentioned in the
If you read this one book, and then formulate your opinions about the market with this material alone, you are a moron. This book will forever stick in my memory as a yardstick to determine intelligence by. I told my wife that it isnt bad, per se. Its just stupid, wrong, and written for a 5th grader. Admittedly, it simplifies a huge problem in a concise manner but thats the problem. It is such an oversimplification that it allows the author to subtly interject erroneous beliefs into the
Usually, I don't read books in a single stretch but this is one of those books that I couldn't get enough of.When it comes to the 2008 Financial Crisis, not many economists are able to explain it in layman's terms. Peter Schiff does an extremely good job in dissecting the basic concepts of Economics from scratch. This is an exceptionally well-written book and specially curated for the layman. The way Schiff relates to the concepts is laudable. He starts off by using the fish analogy and bases
If you read this one book, and then formulate your opinions about the market with this material alone, you are a moron. This book will forever stick in my memory as a yardstick to determine intelligence by. I told my wife that it isnt bad, per se. Its just stupid, wrong, and written for a 5th grader. Admittedly, it simplifies a huge problem in a concise manner but thats the problem. It is such an oversimplification that it allows the author to subtly interject erroneous beliefs into the
Quite a fun little book. Really enjoyed it.It is told in a fictional way based on the lives of some island people.Is it over simplified? Probably. Who cares.It explains what is needed in an easy to understand and fun way.Combine this book with The Dictator's Handbook: Why Bad Behavior is Almost Always Good Politics and you've got yourself a lot of reason to be mad at government and politicians.Probably not meant for everyone, but a sweet and short filler.
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