How an Economy Grows and Why It Doesn't
Author: Irwin A. Schiff, Vic Lockman
List Price: $16.00
Our Price: Click to see the latest and low price
ISBN: 0930374061
Publisher: Freedom Books (May, 1985)
Sales Rank: 467,422
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
How to learn economics in one sitting
A talent in too short supply today is the ability to take the complex and make it understandable to all. Listening to university professors and presidential advisors drone on about economics for generations has turned it into the dismal science most Americans tune out today, and we are all the poorer for it.
Schiff has taken a lifetime's experience and observation and distilled it into a comic book that can be read in an hour or so, but the lessons learned are incalculable. It will teach you about investment, savings, capital and inflation, faster and with greater enjoyment than all the texbooks and position papers stretching from here to Jupiter and back. It will also arm you mentally for all future encounters with politicians or government spokesmen when they try to "explain" why America's economy is in such a bad way, and why we keep paying more and more for less and less.Schiff has done a great public service in giving us a cheap and painless way to learn the basics of how an economy grows and why it doesn't. The pain will come in trying to reverse generations of misguided and uninformed economic policy.
Rating: 5 out of 5
How Government holds back the Economy
Best comic book I've ever read. It tells you how the Federal Reserve monopoly has held back our economy and government causes massive unemployment with it's minimum wage laws and inflation. If you are young and learning about the economy and want to know how politicians scam people with their dirty tricks then this book is a must-read for you.
Rating: 5 out of 5
Schiff:Economics :: Feynaman:Physics
A truly brilliant person can explain a normally complex topic in such a clear and consise fashion that the listener would wonder why he did not think of the explanation on their own. This book does just that.
The main point of the book is that very simple principals are all that is needed to understand the overall workings of any sized economy. Economic theory is explained in the narrative of a series of approximately 300 comic frames. The setting is a tropical island where hunter/gatherer cavemen struggle daily to collect fish to eat. The concepts of risk, creation of capital assets, return, consumption, saving and borrowing are explained. The economy of the island becomes increasingly dynamic as the story goes on. Institutions develope to protect the islanders' savings and captial assets from theives and disasters. The concepts and purposes of government, public works projects, welfare, inflation are progressively treated in context of this island economy. Some people may not like the comic format but I think it would be difficult to explain the subject better or more concisely. Regardless of Amazon's claim to my work, I retain copyright to this review. Regards, Steven Thomas, Copyright 1997.
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