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How an Economy Grows and Why It Crashes
by Peter Schiff · 2010
★★★★★Editor's Pickbeginner
Using a parable of three men on an island, Schiff explains the fundamental economics of growth, savings, capital formation, and credit. A witty, illustrated guide that exposes why stimulus spending fails, why bubbles form, and how economies really grow. Accessible to complete beginners.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from How an Economy Grows and Why It Crashes
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
★ About the Author
Peter Schiff
Peter Schiff is CEO of Euro Pacific Capital and one of the few economists who publicly predicted the 2008 financial crisis.
★ Meet the Author
Watch: Peter Schiff
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