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How an Economy Grows and Why It Crashes
How an Economy Grows and Why It Crashes
Author: Peter D. Schiff, Andrew J. Schiff
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 fa...  more » 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.
ISBN-13: 9780470526705
ISBN-10: 047052670X
Publication Date: 5/3/2010
Pages: 256
Rating:
  • Currently 2/5 Stars.
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2 stars, based on 1 rating
Publisher: Wiley
Book Type: Hardcover
Members Wishing: 1
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Katcha avatar reviewed How an Economy Grows and Why It Crashes on + 25 more book reviews
I was very disappointed with this book. Mr. Schiff is an excellent proponent for free market and I am sure knows his 'stuff' regarding economics. However perhaps this is the root of the problem for him, his understanding interfered with being able to present this topic in a way that wasn't muddled.

Economics is NOT a 'hard science'. Its more a reflection of an instant in time and conditions. Yes there can be statements about assumed cause-and-effects, but not in the manner that physics is able to. The need to stop crediting the 'wizards' is more important than if this or that theory is correct.


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