How an Economy Grows and Why It Crashes
{{Short description|2010 book by Peter Schiff}}
{{Infobox book
| name = How an Economy Grows and Why it Crashes
| image = How an Economy Grows and Why it Crashes (book cover).jpg
| author = Peter Schiff and Andrew Schiff
| illustrator = Brendan Leach
| country = United States
| language = English
| subject = Finance/Economics
| publisher = Wiley
| release_date = May 3, 2010 (1st edition)
| media_type = Print (Hardback)
| pages = 256
| isbn = 047052670X
}}
How an Economy Grows and Why it Crashes (2010) is an illustrated book on various economic topics by Peter Schiff and Andrew Schiff. The book allegorically explores such topics as inflation, deficit spending, central banking, international trade, and the housing bubble and 2008 financial crisis. The Washington Times stated that the book "[conveys] the often intuitive ideas of economics through an engaging, fictitious story richly illustrated with amusing cartoons."{{cite web|last=Lott |first=Roger |url=http://www.washingtontimes.com/news/2010/jun/30/cutting-through-economic-clutter/print/ |title=BOOK REVIEW: 'How an Economy Grows and Why It Crashes' |publisher=Washington Times |date=2010-06-30 |accessdate=2013-08-18}}
Content
This book presents three important points of Austrian economics: First, the fundamental reason for promoting economic growth is production, not consumption; second, improving the deteriorating economic situation requires savings rather than consumption; third, the economy does not need inflation but rather deflation for prosperity.
Award
The book was a 2010 winner of the getAbstract International Book Award,{{cite web|url=http://www.getabstract.com/pages/0/web/BookAward.jsp#award2010 |title=getAbstract |publisher=getAbstract |date= |accessdate=2013-08-18}} and a New York Times best-seller.{{cite web|last=Dixler |first=Elsa |url=https://www.nytimes.com/2010/06/06/books/bestseller/besthardbusiness.html?scp=1&sq=%22how%20an%20economy%20grows%20and%20why%20it%20crashes%22&st=cse |title=Best Sellers – The New York Times |publisher=Nytimes.com |date= |accessdate=2013-08-18}}
Preceding book
The book was based on an earlier "economic comic book" by the authors' father Irwin Schiff, titled How an Economy Grows and Why it Doesn't.
References
{{Reflist}}
External links
- [https://www.youtube.com/watch?v=78a84qbT5-w Animated video introduction to How an Economy Grows and Why It Crashes]
Category:2010 non-fiction books