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.
Table of Contents:
DISCLOSURE VIII
AUTHOR’S NOTE IX
INTRODUCTION XI
CHAPTER 1 AN IDEA IS BORN 1
CHAPTER 2 SHARING THE WEALTH 13
CHAPTER 3 THE MANY USES OF CREDIT 27
CHAPTER 4 ECONOMIC EXPANSION 37
CHAPTER 5 PROSPERITY LOVES COMPANY 47
CHAPTER 6 PUT IT IN THE VAULT 63
CHAPTER 7 INFRASTRUCTURE AND TRADE 77
CHAPTER 8 A REPUBLIC IS BORN 91
CHAPTER 9 GOVERNMENT GETS CREATIVE 101
CHAPTER 10 SHRINKING FISH 119
CHAPTER 11 A LIFELINE FROM AFAR 129
CHAPTER 12 THE SERVICE SECTOR STEPS UP 141
CHAPTER 13 CLOSING THE FISH WINDOW 153
CHAPTER 14 THE HUT GLUT 161
CHAPTER 15 THE HUT RUT 177
CHAPTER 16 STEPPING ON THE GAS 193
CHAPTER 17 THE FISH HIT THE FAN 209
EPILOGUE 223
ACKNOWLEDGMENTS 229
ABOUT THE AUTHORS 231
ABOUT THE ILLUSTRATOR 233
About the Author :
PETER D. SCHIFF is the bestselling author of Crash Proof 2.0: How to Profit from the Economic Collapse and The Little Book of Bull Moves in Bear Markets. This is his first collaboration with his brother ANDREW J. SCHIFF, a recognized expert in economic and financial communications.
Review :
Using illustration, humour and storytelling, the authors... take economics off its lofty shelf and place it back on the kitchen table." (TheStar.com, September 2010)
"If you feel you want to get a decent grasp of free-market economics... this book is the perfect place to start."
--Daniel Hannan, Telegraph.co.uk/Blog, July 2010
