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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 Ratings

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Mockery is NOT Analysis

What would have made How An Economy Grows And Why It Crashes better?

The authors are grinding an axe, possibly for their octogenarian father, currently in prison for tax crimes. They have a very different view of economics, which I would very much like to have learned about. However, the brutal parable they use to tell their view of "Austrian" economics is neither pleasant to listen to, nor as informative as it might have been if they just said what they thought in straight English. After about two hours I was literally disgusted with the presentation, particularly their mocking of FDR's voice. No one in history is innocent of making mistakes, but as an American President I am sure most sensible people would judge FDR, a four term President during the most difficult years American ever saw, excluding the Civil War, was a brilliant, caring, and effective man. When mockery takes the place of rational analysis, that's when I turn off the recording.

Would you ever listen to anything by Peter D Schiff and Andrew J Schiff again?

Yes, I would, if they spoke plain English, got over their Daddy-love, and focused on explaining their interesting view of economics. I sincerely hope that these two are not teaching students anywhere in their mocking, disrespectful, and intensely hate-driven way.

What didn’t you like about Peter D. Schiff and Andrew J. Schiff ’s performance?

I think when the Schiff brothers haven't the sense NOT to mock people, especially well-meaning people making decisions in uncertain times, then they should review their role in spreading hatred and intolerance. This book gave me the creeps like listening to Hitler rant would: that evil man had some good ideas but WHO CARES when in the end people would suffer because he too sought to change things by mocking people. The Schiff brothers mockery is often the first step in getting people killed: listen to Behave by Robert Sopolsky to understand why I am saying this, and why I am feeling such revulsion to hearing these two grown but immature and cruel men spew their disgust with anyone who doesn't join their crusade against Keynesian economics. There is MUCH to criticize about Keynesian economics right now and it may NOT be the best model to get us out of the very dangerous economic waters we are in, but the Schiff brothers won't be part of the solution to this because their manners are so poor.

What character would you cut from How An Economy Grows And Why It Crashes?

I would fire the editor at Audible who can't distinguish analysis from hatred.

Any additional comments?

I don't know where to direct this comment but is it possible for the daily deal to be ONLY non-fiction. I am 61 years old and find most fiction just dumb. I would LOVE the daily deal to be only non-fiction so I might be surprised happily rather than deleting goofy fiction from the current daily deals I receive.

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Economics for Fish 101

If you could sum up HaEGaWIC in a few words, what would they be?
Educational & Entertaining.

Would you listen to HaEGaWIC again? Why?
Yes, to help explain it to friends.

What was the most compelling aspect of this narrative?
The correlation between the fictional fish story and current economics in 2017.

What could the authors have done to make this a more enjoyable book for you?
Not much.

What about the Shiff's performance did you like?
Solid stuff.

Any additional comments?
Listen to Peter Shiff on JRE #445 and #1002, then watch "How The Economic Machine Works" by Ray Dalio on Youtube.

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Really gives insight

Do you want to understand the basics of econom8c growth? you now have a resource.

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It's fish dammit

Fun and easy story is a starter of how money systems work and fail. Keeper

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all youths and voters must listen!

Great analogies, would recommend for every student and adult. truths so very crucial to the success of your household to our country.

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full of fallacies and emotion

rather than actually expanding anything about economics, the authors just prop up an absurd revisionist history with fallacy after fallacy.

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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.

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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.

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  • Rob
  • meridian, ID, United States
  • 07-26-15

Life changing education

This book has changed the way I invest. While commercial fishing in Alaska with my 13 year old son, I once again listen to this book. Most of my crew members found this book entertaining and educational. The best part is my son Braiden was involved and asked great questions about economic history. I'm excited my son is understanding economics and how his early understanding will change his life. I will be buying a printed version to give to my son.

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Voice of Reason

I love Peter Schiff! His metaphors are to economics, what the thumb is to the hand. You will be able to understand and grasp the basics of economics. Schiff fantastically presents information logically and backs his arguments with sound reasoning.