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.
In the Beginning…
Chapter 1: An Idea is Born.
Chapter 2: Sharing the Wealth.
Chapter 3: The Many Uses of Credit.
Chapter 4: Economic Expansion.
A Few Generations Later.
Chapter 5: Prosperity loves Company.
Chapter 6: Put it in the Vault.
Chapter 7: Infrastructure and Trade.
Chapter 8: A Republic is Born.
A Few Generations Later.
Chapter 9: Government Gets Creative.
Chapter 10: Shrinking Fish.
Chapter 11: A Lifeline from Afar.
Chapter 12: The Service Sector Steps Up.
Chapter 13: Closing the Fish Window
Chapter 14: The Hut Glut.
Chapter 15: The Hut Rut
Chapter 16: Stepping on the Gas
A Few Generations Later.
Chapter 17: The Fish Hit the Fan.
Epilogue.
Acknowledgments.
About the Authors.
