How an Economy Grows and Why It Crashes - Hardcover

Schiff, Peter D.; Schiff, Andrew J.

Hardcover

ISBN 10: 1118770277 ISBN 13: 9781118770276

Publisher: John Wiley & Sons, 2014

Synopsis

Straight answers to every question you've ever had about how the economy works and how it affects your life In this Collector's Edition of their celebrated How an Economy Grows and Why It Crashes, Peter Schiff, economic expert and bestselling author of Crash Proof and The Real Crash, once again teams up with his brother Andrew to spin a lively economic fable that untangles many of the fallacies preventing people from really understanding what drives an economy. The 2010 original has been described as a Flintstones take economics that entertainingly explains the beauty of free markets. The new edition has been greatly expanded in both quantity and quality. A new introduction and two new illustrated chapters bring the story up to date, and most importantly, the book makes the jump from black and white to full and vivid color. With the help of colorful cartoon illustrations, lively humor, and deceptively simple storytelling, the Schiff's bring the complex subjects of inflation, monetary policy, recession, and other important topics in economics down to Earth. The story starts with three guys on an island who barely survive by fishing barehanded. Then one enterprising islander invents a net, catches more fish, and changes the island s economy fundamentally. Using this story the Schiffs apply their signature take-no-prisoners logic to expose the glaring fallacies and gaping holes permeating the global economic conversation. The Collector s Edition: * Provides straight answers about how economies work, without relying on nonsensical jargon and mind-numbing doublespeak the experts use to cover up their confusion * Includes a new introduction that sets the stage for developing a deeper, more practical understanding of inflation and the abuses of the monetary system * Adds two new chapters that dissect the Federal Reserve s Quantitative easing policies and the European Debt Crisis. * Colorizes the original book's hundreds of cartoon illustrations. The improved images, executed by artist Brendan Leach from the original book, add new vigor to the presentation * Has a larger format that has been designed to fit most coffee tables. While the story may appear simple on the surface, as told by the Schiff brothers, it will leave you with a deep understanding of How an Economy Grows and Why It Crashes.

About this title

Product Description

Title: How an Economy Grows and Why It Crashes <>Binding: Hardcover <>Author: PeterD.Schiff <>Publisher: JohnWiley&Sons

From the Back Cover

"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

"How an Economy Grows and Why It Crashes makes economics fun and accessible. Bestselling author and 2010 U.S. Senate candidate Peter D. Schiff and his brother Andrew J. Schiff, communications director of Euro Pacific Capital, convey the often intuitive ideas of economics through an engaging, fictitious story richly illustrated with amusing cartoons."
--The Washington Times

At last, straight answers to some of economics' more vexing questions. With the help of colorful cartoon illustrations, lively humor, and deceptively simple storytelling, brothers Peter and Andrew Schiff bring the complexity of economics down to earth for all to understand. Along the way, the brothers apply their signature take-no-prisoners logic to expose the glaring fallacies and gaping holes that permeate the global economic conversation. The book is designed so that all people, even teenagers, can gain a better grasp of what turns the economic wheels of progress and what makes them stop turning.

Overflowing with wit and common sense, this new Collector's Edition of How an Economy Grows and Why It Crashes explains:

• The roots of economic growth
• Why some countries are rich and others are poor
• The importance of trade and risk taking
• The sources of inflation
• The effects of interest rates and government stimulus
• The destructive nature of consumer credit
• Why saving is better than spending as a cure for a bad economy
• And other frequently discussed, yet poorly understood, economic principles

While the story may appear simple on the surface, as told by the Schiff brothers, it will leave you with a deep understanding of How an Economy Grows and Why It Crashes.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2014
• ISBN 10: 1118770277
• ISBN 13: 9781118770276
• Binding: Hardcover
• Number of pages: 304