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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).
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.
This is a great book, that if you've studied economics it challenges the views that you've been thought: Highly recommended read! Took me like 2 days to read.Published 14 days ago by Markus
Yep! This is what should be taught in American Economics classes. Not the Keynesian nonsense that I had in college. Thanks, Peter!Published 15 days ago by Lynn Sauer
The book discourses the subject of Economics in a highly comical way. The 'story', so to say, correlates with real life examples of the growth and fall of the US economy. Read morePublished 16 days ago by Arun Mahendrakar
Basic micro and macro economics in layman's terms. Great reading if you want to know how the macro economy really works...Published 22 days ago by Robert E. Ryan
They should be teaching this in schools , so simple and effective. Peter Schiff is the best to learn this stuff fromPublished 2 months ago by Ppk