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Book Review of How an Economy Grows and Why It Crashes

How an Economy Grows and Why It Crashes
Katcha avatar reviewed 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.