Customer Review

2 of 2 people found the following review helpful
5.0 out of 5 stars Clear and understandable - not like economics at all, 27 Nov 2010
By 
Verified Purchase(What is this?)
This review is from: How an Economy Grows and Why It Crashes: Two Tales of the Economy (Hardcover)
If you've ever been baffled by economic theory then take heart. The reason is probably that the person explaining it didn't really understand what was going on either.

Yes, there is a lot of complexity in the details and many tomes on economics would have you wade through graphs, calculus and statistics until your ears bled and yet never give you a birds eye view of what an economy actually is.

Peter Schiff is a man who, in 2006 (and even before that), was forecasting with great accuracy, the recent/current financial crisis while loftier economists scoffed at his warnings.

This book offers a clear and understandable overview of what an economy is, what makes it grow and what can go wrong. It does this by relating the tale of a fictional island, whose main natural resource is fish, and follows the development of its economy from its inhabitants first attempts at wealth creation through to the islands rise to inter-island trade dominance and subsequent fall.

Despite being a 200+ page book about economics it is easily read within a day and, surprisingly for so easy a read, will leave you feeling much wiser. In fact you'll probably finish with the thought "surely economics can't be that easy?". It may take you a bit more time to realize that it is, and that the complexity offered up by some economists is merely a smokescreen for their own lack of understanding (after all, how many of them saw the recent troubles coming?).
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Be the first person to comment on this review.

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines ">here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking on the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
 


Review Details

Item

4.4 out of 5 stars (41 customer reviews)
5 star:
 (30)
4 star:
 (6)
3 star:    (0)
2 star:
 (3)
1 star:
 (2)
 
 
 
13.99 9.79
Add to basket Add to wishlist
Reviewer


Top Reviewer Ranking: 22,491