How an Economy Grows and Why It Crashes
About this product
An engaging introduction to the fundamental elements of an economy
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, risk, and many other topical principles of economics.
An insightfully illustrated book that both entertains and educates readers about our economic system
A guide to understanding the concepts of risk, creation of capital assets, return, consumption, saving, and borrowing
A witty and humorous approach to learning key economic concepts for beginners and professionals alike
The tales told here may appear simple on the surface, but they will leave you with a powerful understanding of How an Economy Grows and Why it Crashes. Read more
Editor's Take
Amazon reviewers and Goodreads readers generally describe this book as an accessible, entertaining introduction to basic economics, especially for readers who like simple metaphors and illustrated explanations. Goodreads reviews mention that it clearly covers topics like inflation, loans, trade, and savings, while some reviewers say they learned useful concepts despite the book's strong ideological point of view.
Review blogs are mostly positive, calling it easy to read and effective as a simplified economics lesson, though one review notes that it reads more like a polemic than a neutral textbook. On Reddit, at least one discussion suggests the book is seen as favorable in Austrian-economics circles, with commenters pointing to supporting blogs and the Foundation for Economic Education.
Overall, the consensus is that the book is engaging and beginner-friendly, but also clearly partisan and best suited for readers interested in Peter Schiff’s free-market perspective.
Price History
Specifications
| Publisher | Wiley |
| Publication date | May 3, 2010 |
| Edition | 1st |
| Language | English |
| Print length | 256 pages |
| ISBN-10 | 047052670X |
| ISBN-13 | 978-0470526705 |
| Item Weight | 2.31 pounds |
| Dimensions | 6.2 x 1 x 9.1 inches |
| Best Sellers Rank | #50,421 in Books ( See Top 100 in Books ) #70 in Economics (Books) |
| Customer Reviews | 4.7 4.7 out of 5 stars (1,382) |
