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How An Economy Grows And Why It Crashes | [Peter D Schiff, Andrew J Schiff]

How An Economy Grows And Why It Crashes

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.
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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

4.2 (538 )
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4.3 (431 )
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Performance
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  •  
    Esteban Monterrey, Mexico 03-27-14
    Esteban Monterrey, Mexico 03-27-14
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    17
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    "Excellent story, very usefull"
    Would you listen to How An Economy Grows And Why It Crashes again? Why?

    Is very usefull and makes you understand that all we need to be productive not only consumer, and get you in the knowledge of how an economy works


    0 of 0 people found this review helpful
  •  
    Scott Highland Village, TX, United States 01-23-14
    Scott Highland Village, TX, United States 01-23-14 Member Since 2012
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    "I Hope You Are Wearing a Seatbelt.."

    Not because of the pace of the book, but because of the impending crash that is looming in the not-too-distant horizon. Many reviewers have lamented that Schiff's witty story/text is too basic. I would agree on the point that it is basic, but surprisingly few seem to truly understand the content as the American public has elected economically ignorant government representatives for the past century or more.

    This book is witty (who knows how long it took them to come up with all of the fish-related names) and logical. I would use it if I taught a middle school or early high school economics class with the hope that it would sink in that our country...uh, I mean Usonia, is in DEEP trouble.

    A bit corny, pleasantly entertaining, and a good refresher. I hope more will listen and take the message to heart.

    0 of 0 people found this review helpful
  •  
    MoMo Washington, DC 01-16-14
    MoMo Washington, DC 01-16-14 Member Since 2015
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    "The most basic of economic explanations"
    Any additional comments?

    The most basic of explanations on how economies work and grow. This book definitely has a pro free-market/libertarian bias (which I completely agree with), but it was hard for even me to get through. Very, very basic. If you have ever taken a class on economics, pass. If you are a socialist, schooled in Lenin/Marxism, get this book.

    0 of 0 people found this review helpful
  •  
    Steve from MD 10-12-13 Member Since 2011
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    "This is an example of Why Economics is not science"

    This book is why economics fails. We are to learn about the authors opinions about how he thinks economics works in the real world. To do this he creates a total fictitious land and then translates from the fiction to reality. This does not work. Lets start with some basics. On his island everyone not only does every one have a job this job provides for all the basic needs. Clearly this does not exist anywhere in the real world and with such a base how can you believe all that flows from this world would translate into ours. He also ignores history. He views all regulations as bad. There was a reason regulations are created and often they solve a problem. In our recent history we have deregulated banks and savings and loans both lead to huge bailouts. I could go as with his poor explanation of why the gold standard is so important. After all in his world fish do provide a real benefit to the inhabitants they can eat it and survive. How is gold similar. It only has value because others want it not. How does he explain the tulip bubble or the internet bubble? This occurred with out any government involvement. I would leave his fantasy world in fantasy land and take no useful lessons from such dribble.

    1 of 2 people found this review helpful
  •  
    Timothy Sanford, FL, United States 01-23-13
    Timothy Sanford, FL, United States 01-23-13 Member Since 2012
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    "Better than ANY economics class !!"

    The narrator tells a great story - this story or any other he reads. He contributes to the simplicity of the writing to make this very complicated topic both entertaining and easy to learn. I'm not sure if the authors (who narrated this book) have a future in narration, but they certainly made this a quick and easy lesson for me, as well as gave me an entertaining story.
    I've made given a "5" very special, but this is a strong B+.

    0 of 0 people found this review helpful
  •  
    brad United States 01-22-13
    brad United States 01-22-13
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    "Simple and effective"
    Would you listen to How An Economy Grows And Why It Crashes again? Why?

    Yes, to further appreciate basic economic principals including supply and demand and inflation.


    Who was your favorite character and why?

    Able


    Which scene was your favorite?

    The sale of the waterworks


    Was there a moment in the book that particularly moved you?

    The making of the first net.


    Any additional comments?

    NA

    0 of 0 people found this review helpful
  •  
    D&J Robigana, Australia 01-13-13
    D&J Robigana, Australia 01-13-13 Member Since 2013
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    "It's the economy stupid!"
    What made the experience of listening to How An Economy Grows And Why It Crashes the most enjoyable?

    As with all education - start with simple concepts and then incorporate them in to the bigger structure. This made the larger structure later in the book comprehensible and to make clear the madness operating under the fabricated cloak of complexity.


    Who was your favorite character and why?

    A collection of interesting characters drawn from real life illustrating not malicious intent, but human nature when freed from restraint.


    What does Peter D. Schiff and Andrew J. Schiff bring to the story that you wouldn’t experience if you just read the book?

    Performances are always entertaining when the characterisations are in line with the authors original intent.


    If you were to make a film of this book, what would be the tag line be?

    It's the economy stupid!


    0 of 0 people found this review helpful
  •  
    Mr. Word Sponge Cary, NC 01-03-13
    Mr. Word Sponge Cary, NC 01-03-13 Member Since 2006

    Wiz

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    "Everyone Should Hear/Read This Once"
    Would you recommend this audiobook to a friend? If so, why?

    I would recommend this book to anyone who cares about their future and that of their children. It is approachable and understandable even by middle schoolers...and should be.


    What other book might you compare How An Economy Grows And Why It Crashes to and why?

    I would compare this straightforward analysis of how things work the way they do with Something for Nothing by Brian Tracy, but its story-telling style is like Og Mandino's work in its appeal and charm.


    Have you listened to any of Peter D. Schiff and Andrew J. Schiff ’s other performances before? How does this one compare?

    This is the first time I have read/listened to these authors.


    If you were to make a film of this book, what would be the tag line be?

    Isles of Plenty, Oceans of Poor


    Any additional comments?

    Anyone with a mind that cares about how the world is changing, what works and what does not work and why should read/listen to this work.

    0 of 0 people found this review helpful
  •  
    James 12-24-12
    James 12-24-12 Member Since 2015
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    "My children enjoyed it"
    What made the experience of listening to How An Economy Grows And Why It Crashes the most enjoyable?

    Needed information done in an easy to understand format of story telling.


    What’s the most interesting tidbit you’ve picked up from this book?

    The effects of fake fish.


    Any additional comments?

    My children started to loss understanding about chapter 5-8. On the other hand I think that is about the same thing that happens to the population of any society that does this to their economic system.

    0 of 0 people found this review helpful
  •  
    Pete Dallas 12-10-12
    Pete Dallas 12-10-12 Member Since 2012
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    "Good warm up to "The Real Crash""
    Any additional comments?

    For a more detailed understanding and explanation of the topics discussed in this book check out "The Real Crash" by Peter D Schiff

    0 of 0 people found this review helpful

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