FREE Delivery in the UK.
Only 2 left in stock (more on the way).
Dispatched from and sold by Amazon. Gift-wrap available.
Quantity:1
How an Economy Grows and ... has been added to your Basket
+ £2.80 UK delivery
Used: Good | Details
Condition: Used: Good
Comment: Ships from the USA. Please allow 14-21 business days for delivery. Minimal damage to cover and binding. Pages show light use. With pride from the Motor City.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 3 images

How an Economy Grows and Why It Crashes: Two Tales of the Economy Hardcover – 18 May 2010

4.5 out of 5 stars 48 customer reviews

See all formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle Edition
"Please retry"
Hardcover
"Please retry"
£13.99
£7.01 £7.01
Note: This item is eligible for click and collect. Details
Pick up your parcel at a time and place that suits you.
  • Choose from over 13,000 locations across the UK
  • Prime members get unlimited deliveries at no additional cost
How to order to an Amazon Pickup Location?
  1. Find your preferred location and add it to your address book
  2. Dispatch to this address when you check out
Learn more
£13.99 FREE Delivery in the UK. Only 2 left in stock (more on the way). Dispatched from and sold by Amazon. Gift-wrap available.
click to open popover

Special Offers and Product Promotions


Frequently Bought Together

  • How an Economy Grows and Why It Crashes: Two Tales of the Economy
  • +
  • Economics in One Lesson
Total price: £25.37
Buy the selected items together

Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone

To get the free app, enter your mobile phone number.




Product details

  • Hardcover: 256 pages
  • Publisher: John Wiley & Sons; 1 edition (18 May 2010)
  • Language: English
  • ISBN-10: 047052670X
  • ISBN-13: 978-0470526705
  • Product Dimensions: 16 x 2.3 x 23.6 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (48 customer reviews)
  • Amazon Bestsellers Rank: 113,306 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

Review

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).

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).

From the Back Cover

EveR WONDER . . .

  • Why governments can spend without ever seeming to run out of money?
  • Why some countries are rich while others are poor?
  • Whether spending or saving is the best cure for a bad economy?
  • Where inflation comes from?
  • Why it′s so hard to catch a fish with your bare hands?

How An Economy Grows And Why It Crashes

Understanding how all the pieces of an economy fit together can be a daunting task especially when the experts can′t seem to do it. But when you get down to the basics, it is much easier than you may think. How an Economy Grows and Why It Crashes uses illustrations, humor, and accessible storytelling to take economics off its lofty shelf and put it back on the kitchen table where it belongs.

This straightforward story of fish, nets, saving, and lending exposes the gaping holes that lie hidden in our global economic conversation. With wit and humor, the Schiffs explain the roots of economic growth, the importance of trade, savings, and risk, the source of inflation, the effects of interest rates and government stimulus, the destructive nature of consumer credit, and many other economic principles that are so frequently discussed and so poorly understood.

The story may appear simple on the surface but it will leave you with a powerful understanding of How an Economy Grows and Why It Crashes.

See all Product Description

What Other Items Do Customers Buy After Viewing This Item?

Customer Reviews

Top Customer Reviews

Format: Hardcover
This book is written by "Dr Doom", whose story is a take on the impending collapse of the US economy in the context of a fictional economy based on the value of fish. It is an amusing tale, highlights of which include an obvious allusion to George W Bush and his southern drawl. It's a quick read, and I finished it in a day (but I am a quick reader). For somebody who knew nothing - literally nothing, about economics I feel it has given me a great foundation and incentive to find out more. It explains basic concepts such as inflation and interest rates with a refreshing lack of esotericism and this has undoubtedly inspired me to read more.

The introduction makes it clear that the author is a firm adherent of the Austrian school of economics, naturally opposed to the contemporary economic policies of the USA of spending more and providing more and more stimulus to keep consumers spending. The bad thing is that you learn much from Schiff's views, but the whole publication is very one-sided. As such the reader wonders whether the criticism of Keynesian policies is justified. However, this one-sided approach is perhaps rife in publications of this sort. Hopefully those who purchase this book have the sense to read around and find ideas that make the most sense to them. But if Schiff's purpose is to create a convincing argument against Keynesian economics, he very much succeeds.

This book is suitable for all ages. It comes with illustrations, which while very amusing can sometimes appear somewhat condescending. Nevertheless, it's a fantastic book for anybody who feels they should know more about economics, and it explains the basic principles with considerable clarity.
1 Comment 18 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
Economics is bewilderingly complicated because there is so much disagreement amongst the professionals...the economists. So, just when you think you have understood what is going on around you by listening to the BBC and how the forces of Fiscal Stimulus, Government Spending and low Interest Rates will save us from another great depression, you hear that some are deeply opposed. Why?

This book is written from that dissenting side who feel that enormous government borrowing and the trend to get others to make the stuff we need will lead us to destruction. It is very persuasive because it is written as a fable on a land with fish as its currency. It bears an uncanny resemblance to the United States but the message is universal that corruption of currency by government overspending is the root of most economic trouble.

The end scenario of this allegory is quite sobering because, again, it is logical and presented simply. Altogether an easy and amusing read.
Comment 15 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
The Schiffs write an extraordinary tale of - as the title suggests - economy, and supplement almost every single page by Brendan Leach's cartoon illustrations, which make the book light reading for non-economists.

The book is divided into 17 short, yet cleverly connected chapters. It starts with Able, Baker and Charlie, the only inhabitants of a small island, and finishes up with large society with a government. The twists and turns of their lives on the islet are described in an amusing way, really. You will find out how they produce wealth, how they invest, how loans are created, how joint venture arises, how barter is replaced by money, how specialization (leading to competitive advantage!) benefits whole economy, why deflation is a good thing (efficiency pushes prices down - for instance, Henry Ford was steadily bringing down the prices of cars, which then were available to a wider pool of buyers! Same goes with computer industry - "What was once a luxury for the rich became common for everyone"), and why avoiding underconsumption and taking risk lead people to take up an employment, and many, many more.

A must-read volume for every undergraduate student of economics (or business, in general), politicians, as well as economic advisors who during their education were not aware of Austrian, or at least Chicago economics thought. The book is also recommended for ordinary person, who is, for example, confused about whether to save or spend during the recession. The title will change forever the way you think about economy and economics!
Comment 21 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
Whilst I enjoyed this book, I ended up a bit underwhelmed. What I would really have loved is to be able to buy a copy of the original inspiration by Irwin Schiff; maintaining a comic book style throughout would have been more consistent.

As it is, you get an easy to understand introduction to freemarket economics (capital, risk, investment etc.) although this could have gone further (no mention of opportunity costs). After this first part (which I suspect is a summary of some of the key points in Irwin's book) the Schiff's try - and fail, sadly - to explain in broad strokes the errors of government intervention that led to the recent economic crash.

Whilst a brave attempt, the stretching of the analogy wears thin; I know almost nothing about economics, yet I found myself wishing to hear the correct terms and explanations rather than trying to imagine what the various fish-themed inventions equate to.

Another problem is that, in an effort to be true to what they obviously believe to be a clear chain of events, the beautiful clarity and logic of the choices available to Able, Baker and Charlie at the beginning of the book disintegrates into "and then this happened, and then this happened... (Because it just did)." It was always going to be hard to combine a fictional, exemplary take with the messy reality of life. The new characters come thick and fast, making decisions that the reader struggles to understand as quickly needed in this rapidly paced book.

Overall, if you had a bright 14-15 year old and wanted them to grasp freemarket economics before falling down the well of obligatory socialism that seems to accompany youth, you could do a lot worse. But for an adult, the combination of simplistic cartoons and an attempt to make the analogy fit every desired message becomes a frustration.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews



Feedback