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.
As small-government advocate as they come. Very useful to cover holes in school history of capitalism, and to understand the processes involved. Read morePublished 1 day ago by Zeff
I'm unsure whether Peter Schiff was writing this book to 8-12 year old audience or he really lacks the understanding of how micro/macro economics function, and how monetary/fiscal... Read morePublished 6 days ago by Wael Osman
I find it's over simplified a complex issue.
The part I started to have question is from chapter "government get creative" - assume a disaster monsoon happens that... Read more
I start by confessing that I am strongly opposed to the inflationary bias of the Fed. which, having grown tired of is original objective of price stability, is now captive to a... Read morePublished 1 month ago by Interested customer
Explains in easy way how an economy grows. I read it in a few hours, fun read.Published 2 months ago by Cherie Maloire
Fantastic book. Highly recommended for children. Can't educate people enough about free markets and this is a very well written/put together book!!Published 2 months ago by Robert F. Valentine IV
I teach economics for 12 grade and this book brought so much more than a textbook has to offer. Great for macroeconomic principles and teachers can easily adapt it to fit a... Read morePublished 2 months ago by Kurt Gladfelter
This is a great book for explaining the complicated world of economics in a way that's simple to understand.Published 4 months ago by G. Worth