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How An Economy Grows And Why It Crashes Audiobook

How An Economy Grows And Why It Crashes

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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 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 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 Audible, Inc

What Members Say

Average Customer Rating

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Performance
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  •  
    M. Archer Harpenden 11-07-11
    M. Archer Harpenden 11-07-11 Listener Since 2005

    Sue A

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    "Financial reality - courtesy of fish!"

    If only every politician were forced to read this, we may not live in a world where our leaders seem to have lost all understanding of the fact that we must produce, save and only then spend & invest!

    4 of 5 people found this review helpful
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    Rena Alisa Los Gatos, CA, US 12-08-12
    Rena Alisa Los Gatos, CA, US 12-08-12 Member Since 2015
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    "An Oversimplification"

    This is more of a polemic than an economic argument. It is well written and quite entertaining, but it is not a clear or useful explanation of anything to do with our economy.
    There is nothing to be learned from this book so don't waste your credits. I reccommend The Ascent of Money as a much better book on this topic.

    6 of 8 people found this review helpful
  •  
    Grant NANTUCKET, MA, United States 06-18-13
    Grant NANTUCKET, MA, United States 06-18-13 Member Since 2009

    caffeinated

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    "Written for children. Of Republicans."

    This book contains a rather childish, simplistic and slanted view of our economy. And if you already understand economics on anything but a 8th grade level, you can pretty much skip it. I found that 80% of the information contained in the book is irrefutable, but a solid 20% is the product of faulty right-wing political thinking. Some examples:

    The authors say that government is rife with corruption and waste. While corruption and waste do exist in government, it is likely not fair to paint with such a broad brush given the spending cuts and efficiencies that have happened over the past five years. Government spending is down. While corporate corruption seems to be accepted or overlooked by the authors.

    The authors state that markets are the best way to make an economy grow. But they conveniently overlook government programs like the GI Bill, the Marshall Plan and the Interstate Highway act that had massive impacts on the US and world economy.

    The authors also largely overlook the substantial greed and corruption in the private sector and discount the notion that there is a fundamental imbalance between the haves and have nots in our society largely caused by the people in their own industry. They are very good at pointing to a problem, and assigning blame (and bringing the same old gold standard argument up again), but they have no true thoughts on what to do to make the US economy more vibrant and diverse and equitable. If they think we will go back to 1920s monetary policy, they are mistaken.

    And when the authors, who also narrated this book, started imitating the late Teddy Kennedy while portraying a corrupt politician, I had to shut the book off. Pete and Andy, you're no Teddy Kennedy.

    I can deal with the whole economy based on fish on a desert island concept, but they take it way too far. And after an hour or so, it just gets annoying. What I can't take for a minute is the same level of simplicity and black and white thinking applied to social economics and the inequality in international markets. This book is too full of faulty thinking and slanted viewpoints to take seriously.

    Run. Away.

    26 of 40 people found this review helpful
  •  
    James MelbourneAustralia 02-23-13
    James MelbourneAustralia 02-23-13 Member Since 2016

    Ansett Refugee from Melbourne, living in Dubai flies the Emirates A380. Author of ON TOUR, TravelsWithAnAirline Pilot. Member since 2004

    HELPFUL VOTES
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    "Painful"
    What would have made How An Economy Grows And Why It Crashes better?

    Lose the fish analogies.


    Would you be willing to try another one of Peter D. Schiff and Andrew J. Schiff ’s performances?

    I read a review saying that they were (a) humorous and (b) interacting as they discussed the topic. The review was wrong.


    If you could play editor, what scene or scenes would you have cut from How An Economy Grows And Why It Crashes?

    Everything relating to the FISH economy.


    Any additional comments?

    Buy Peter's other book CRASH 2.0 and read that. It's instructive, and whilst being a promotional ad for his business - it's worth the listen. As for THIS BOOK? I am gonna ask for my money back.

    2 of 3 people found this review helpful
  •  
    John Anderson Laguna Hills, CA, United States 06-10-12
    John Anderson Laguna Hills, CA, United States 06-10-12 Member Since 2015

    Husband, Father; Accounting, Tax, Financial Planning (CPA) Professional; Radio Amateur (NJ6A), American Conservative.

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    "Will Open Your Mind to True Economics"

    This fish story with commentary is worth hearing again and again. For those who understood ecconomics this book may clear away the errors of Keynes modern interpreters. For those who do not or did not understand ecconomics this book will bring enlightenment and a true understanding of ecconomic principles.

    2 of 3 people found this review helpful
  •  
    Caratluvr in Kona 05-31-16
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    "Good economy summary & predictions"

    Good detail on building of an economy, and on its crashing. little offered in way of solutions.

    0 of 0 people found this review helpful
  •  
    Dacon 04-13-16
    Dacon 04-13-16 Member Since 2012
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    "Very simple and illuminating"

    This book is a great intro to current problems in economics. It requires knowing a bit of American history and current events in order to have all the necessary context. It also isn't a comprehensive look at economics by any means.

    0 of 0 people found this review helpful
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    JC 03-05-16
    JC 03-05-16 Member Since 2015
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    "Great book for beginners"

    Great book for someone with little economic logic. Good to learn the basics or to explain to your spouse or children.

    0 of 0 people found this review helpful
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    JohnNE Gretna, Ne United States 09-10-15
    JohnNE Gretna, Ne United States 09-10-15 Member Since 2015
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    "fantastic story explaining real economics"

    great read. really enjoyed it. explains economics ground-up and addresses the most common untruths from the Krugmans of the world.

    0 of 0 people found this review helpful
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    J. Blanco Dallas 08-03-15
    J. Blanco Dallas 08-03-15
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    "How an economy grows"

    Good book , has interesting way to describe the economy and what's wrong with it. Overall good insight and look forward to more material from Peter.

    0 of 0 people found this review helpful

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