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How an Economy Grows and Why It Crashes |  | Authors: Peter D. Schiff, Andrew J. Schiff
Publisher: Wiley
Category: Book
List Price: $19.95
Buy New: $10.39
as of 9/4/2010 18:06 MDT details
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Seller: treebeardbooks
Rating:  121 reviews
Sales Rank: 1856
Media: Hardcover
Pages: 256
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 9.2 x 6.2 x 0.9
ISBN: 047052670X
Dewey Decimal Number: 338.542
EAN: 9780470526705
ASIN: 047052670X
Publication Date: May 3, 2010
Availability: Usually ships in 1-2 business days
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Product Description
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.
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Showing reviews 1-5 of 121
 Simply economics, you'll learn more from this than a textbook. August 28, 2010
Stephen Zhang (San Francisco, CA, US)
This book made Austrian economics as easy to understand as it gets. Each time the allegory made a point about economics, I was just amazed at how easy it really is, considering economics was made to sound so complicated in university economics classes which taught Keynesian.
Note to college students in the U.S., 9 times out of 10 your macro/micro econ classes will be Keynesian theory, so I suggest reading this book after you take those classes because it will confuse you since these two schools (Austrian and Keynesian) have opposing views. This way you won't mess up on the tests. Whether Keynesian is a better school or not is a different story. The U.S. chooses Keynesian, but after reading this book and looking at all that's going on in today's economy (stimulus after stimulus), I am gradually losing faith in Keynesian, as it never really made sense to me when I took the classes anyway.
must read August 25, 2010
wookiemonster
its a great book I don't see how someone can read this book and not agree.
It is as if I wrote it August 23, 2010
microsoft is not monop (Los Angeles CA)
Keynesian economics exploded sums it up. What does that mean? Politicians and banks are stealing on a megascale. We should stop them. The reason USA is no1 is for most of its time it was capitalist. Other places are not yet USA is #1. Think about it. Prices are supposed to fall continuously and productivity go up. Until 1913 the establishment of the federal reserve they did. Inflation is government counterfeiting money. The fed along with fannie freddie giny caused 2008. More damaging to production than anything is simply counterfeting money and saying you own a large part of whatever production happens without ding anything. The book is funny and simple and true. Do not assume the top power people are smart, they are not. They simply do what lets the steal the most. USA constitution puts the theftiness in a "cage" but the outragous acts are letting it out, bit by bit but more and more daringly. The backlash needs to strip away the bad counterfeiting. Canada cut governmetn spending 20% around 2006 and has no deficits now, none. Cutting government spending and stopping counterifeiting of trillions is the onyl way to have growth meaning price down wages up and prosperity. Note how cutting governmetn spending and counterifeiting of money is never on Tv.
Comic story of how economics works August 21, 2010
Nathanael Stover
1 out of 1 found this review helpful
This is a very clear and interesting comic story about a country's economy. Do you have trouble understanding economics and political jargon concerning the economy. Here is a simplified yet completely accurate story about how an economy works and what happens when politicians follow a course of action like the US is doing right now. Peter Schiff also has boxes throughout the book giving a more detailed analysis of how the comic story applies to modern US or world politics and economic policy.
The author, Peter Schiff, is one of the few economists in the nation who accurately predicted the economic recession which we are experiencing right now, so if you want a funny explanation from someone who actually understands why the US economy is doing poorly, this is the book for you.
As a student of economics, I can verify that Peter Schiff's economic analysis is sound. But be warned, he is not popular with modern politicians or their pet economists.
Fundamentals Established August 17, 2010
ScientificSaver
peter schiff and andrew schiff clearly establishes the fundamentals of the economy. I would recommened this to all individuals who desire to be inform aboout their government wealth and how it effects an individual personal wealth
Showing reviews 1-5 of 121
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