How an Economy Grows and Why It Crashes

By: Peter D Schiff, Andrew J Schiff

Narrated by: Peter D. Schiff, Andrew J. Schiff

Length: 3 hrs and 36 mins

Publisher's summary

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 best-selling 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, 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.

©2010 Peter D. Schiff and Andrew J. Schiff. All rights reserved. (P)2010 Gildan Media

great explanation

this book was so easy to listen and digestible. the storybook example made the topic more interesting to newbies.

Sunny Libertarianism

This is an excellent parable for explaining the basic concept of economics. I would love to see a sequel where a company that doesn't do it's own fishing stores fish in vast warehouses and complex distribution networks. Perhaps a bit where the supply of fish is dwindling to excessive fishing practices. Maybe one where there's mercury in the fish that remain, there's no government oversight, and corporations are incentivized to keep on fishing, while the population of Usonia devolves into madness and told that mental health is a secondary concern to maintaining current levels of productivity

Mandatory reading for investing

Entertaining and easy to follow. I like the way they presented the story. No matter how you feel about the markets and economy before reading this book, tour eyes will be opened to so many things that have happened. Ignore the media and get the real story here about how economies work.

Must have in library!

I loved this book. the authors and readers are the very same so you get the emphasis where it needs to be and not where it doesn't. Not a dry book. With all the sea references you could say the story line is..... fishy.... but this book is anything but a bad pun. My eyes are more open to the financial history of the island and I'm forever grateful to the authors for taking the time to publish this work. Thank you sirs.

Great! Still holds up in 2023

They should re name it to recession for dummies
They break it down so even a 12 year old or a democrat can understand

Great read for anyone

I loved the structure of this book. It’s written as an easy to follow story for anyone interested in economics, or even someone that just wants to understand the ACTUAL role of the government as our founding fathers intended.

Each chapter is a different “principle” told through a story line, and then is broken down and related to actual examples in the US. If you like learning about economics/government, or just want to understand the basics in order to hold a conversation at a dinner party, this book is for you.

Superb!

Superb audiobook great listen will look for more on this topic thank you Peter for putting things in easy to digest format!

Yeeeeeees!

dude knows what he's talking about!
this is the truch! listen closely! you might learn something.

Must Listen

Regardless of your prior knowledge/experience, this is a must listen for anyone interested in economics. Provides an easy, consumable understanding of Austrian economics while making great parallels to real world history. Peter and his brother, Andrew, compliment each other very well making the stories fun and easy to listen to. Try it out on your next long trip. You won’t be disappointed.

A good analogy of US, but some things left out

It is really a great book, well written, explicative and the narrators perform really well in the storytelling. it provokes discussion on important things, but I really don't know why some things were left out, specially government expenditures on war.