--- product_id: 4102487 title: "How an Economy Grows and Why It Crashes" price: "105 zł" currency: PLN in_stock: true reviews_count: 8 url: https://www.desertcart.pl/products/4102487-how-an-economy-grows-and-why-it-crashes store_origin: PL region: Poland --- # How an Economy Grows and Why It Crashes **Price:** 105 zł **Availability:** ✅ In Stock ## Quick Answers - **What is this?** How an Economy Grows and Why It Crashes - **How much does it cost?** 105 zł with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.pl](https://www.desertcart.pl/products/4102487-how-an-economy-grows-and-why-it-crashes) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description How an Economy Grows and Why It Crashes: 8580001063737: Economics Books @ desertcart.com Review: Best explanation of capitalist economy ever and a wake up call too - The book is written in a simple, straightforward language that makes it easy for anyone to understand it. Make no mistake though, there is nothing basic about it. If it were so our politicians would not be making the mistakes they are making. I am a Brazilian who is concerned with the direction we have taken in my country. While we are far from reaching the US critical condition, if nothing changes here we will get there. We got similar stimulus packs, government is pushing for consumption, interest rates are falling, indebtedness is rising etc. just like discribed for the USA. The book uses a story his father used to tell his kids during long car trips (adapted for current events) which basically explains very well what is wealth, where it comes from, the vital importance of entrepreneurship, production, savings, the currency and banking systems and investments based on this cycle. The book shows that Americans think they're getting a free ride, but that there is no such a thing. He advocates the importance of gold backing and how easy and dangerous the money printing machine has become. It reads smoothly and is fun. I turned page after page wanting to get to the end. I felt wiser and better prepared after reading it. Peter has a way of getting to some people's nerves, but once you get his point you understand why he acts like that. We have no time and no one but this gentleman seems to have the head attached to the neck when it comes to modern economics. The book is complete on its own but you will want to read more from him. I now just got the Real Crash... Read them in this order. Congratulations Peter. Keep up the good work. You're helping the whole world, believe me. Review: Understanding economics improves life choices - I accidentally came across Peter Schiff's ideas a few years ago. He was on TV with some other economists and he was the only person to state his assumptions clearly and defend his statements with facts and logic. I looked him up and found his 2006 presentation to a Mortgage Bankers association. This fascinated me. At the height of the housing boom, he described precisely how and why the economy was about to crash. As it turns, and as Peter admits himself, he does not have any super powers and he is not the smartest guy in the room. (Although I personally think he actually is the smartest guy in room.) He had different teachers. He studied Economics as developed by the Austrian School. And as I looked around, low and behold, a lot of people were able to see exactly what was happening and be able to explain the reasons why. Nearly all of the people who understood what was happening had studied the Austrian School of economics. They are better off for it. Unfortunately, the Austrian perspective, with a few exceptions, is not something you can find easily; largely because it does not lend itself to sound bites. You have to read books or listen to lectures. Luckily both of these sources are plentiful. I read a few of the Austrian authors, including "Human Action" by Ludwig von Mises and "The Road to Serfdom" by Hayek. These books, especially "Human Action", are written as academic texts, meaning you can't just relax and read. You have to focus and study and look up definitions and make outlines. It takes a lot of time. It should be standard college text for all majors, but not many people would have time after college to make a study of it. I mention this because "How and Economy Grows and Why it Crashes" is a non-fiction allegory that is fun to read and does not take up the time required to read academic books about economics. It is written in plain language and provides the reader with a general and useful understanding about how the economy works. Understanding economics can help you understand why certain government policies are destructive and why other policies are beneficial. It can also help a person make sound choices for career path, for investing savings and for running a business. Thank you Mr. Schiff, for your relentless energy, your clear mind, and your powerful work. The world is better off because of you. ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #106,572 in Books ( See Top 100 in Books ) #26 in Economics (Books) | | Customer Reviews | 4.7 4.7 out of 5 stars (1,375) | | Dimensions | 6.2 x 0.9 x 9.1 inches | | Edition | 1st | | ISBN-10 | 047052670X | | ISBN-13 | 978-0470526705 | | Item Weight | 2.31 pounds | | Language | English | | Print length | 256 pages | | Publication date | May 3, 2010 | | Publisher | Wiley | ## Images ![How an Economy Grows and Why It Crashes - Image 1](https://m.media-amazon.com/images/I/819Bgp5qVuL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ Best explanation of capitalist economy ever and a wake up call too *by W***W on June 15, 2012* The book is written in a simple, straightforward language that makes it easy for anyone to understand it. Make no mistake though, there is nothing basic about it. If it were so our politicians would not be making the mistakes they are making. I am a Brazilian who is concerned with the direction we have taken in my country. While we are far from reaching the US critical condition, if nothing changes here we will get there. We got similar stimulus packs, government is pushing for consumption, interest rates are falling, indebtedness is rising etc. just like discribed for the USA. The book uses a story his father used to tell his kids during long car trips (adapted for current events) which basically explains very well what is wealth, where it comes from, the vital importance of entrepreneurship, production, savings, the currency and banking systems and investments based on this cycle. The book shows that Americans think they're getting a free ride, but that there is no such a thing. He advocates the importance of gold backing and how easy and dangerous the money printing machine has become. It reads smoothly and is fun. I turned page after page wanting to get to the end. I felt wiser and better prepared after reading it. Peter has a way of getting to some people's nerves, but once you get his point you understand why he acts like that. We have no time and no one but this gentleman seems to have the head attached to the neck when it comes to modern economics. The book is complete on its own but you will want to read more from him. I now just got the Real Crash... Read them in this order. Congratulations Peter. Keep up the good work. You're helping the whole world, believe me. ### ⭐⭐⭐⭐⭐ Understanding economics improves life choices *by M***E on January 17, 2011* I accidentally came across Peter Schiff's ideas a few years ago. He was on TV with some other economists and he was the only person to state his assumptions clearly and defend his statements with facts and logic. I looked him up and found his 2006 presentation to a Mortgage Bankers association. This fascinated me. At the height of the housing boom, he described precisely how and why the economy was about to crash. As it turns, and as Peter admits himself, he does not have any super powers and he is not the smartest guy in the room. (Although I personally think he actually is the smartest guy in room.) He had different teachers. He studied Economics as developed by the Austrian School. And as I looked around, low and behold, a lot of people were able to see exactly what was happening and be able to explain the reasons why. Nearly all of the people who understood what was happening had studied the Austrian School of economics. They are better off for it. Unfortunately, the Austrian perspective, with a few exceptions, is not something you can find easily; largely because it does not lend itself to sound bites. You have to read books or listen to lectures. Luckily both of these sources are plentiful. I read a few of the Austrian authors, including "Human Action" by Ludwig von Mises and "The Road to Serfdom" by Hayek. These books, especially "Human Action", are written as academic texts, meaning you can't just relax and read. You have to focus and study and look up definitions and make outlines. It takes a lot of time. It should be standard college text for all majors, but not many people would have time after college to make a study of it. I mention this because "How and Economy Grows and Why it Crashes" is a non-fiction allegory that is fun to read and does not take up the time required to read academic books about economics. It is written in plain language and provides the reader with a general and useful understanding about how the economy works. Understanding economics can help you understand why certain government policies are destructive and why other policies are beneficial. It can also help a person make sound choices for career path, for investing savings and for running a business. Thank you Mr. Schiff, for your relentless energy, your clear mind, and your powerful work. The world is better off because of you. ### ⭐⭐⭐⭐⭐ Remarkably superior explanation of economics *by J***L on August 26, 2011* Not only does this book explain the material very well, being both easy to read and easy to understand, it contains ideas that I've not previously seen expressed that help make understanding the big picture even more clear. Schiff does this by making two very cogent points: 1) The distinction between microeconomics and macroeconomics is bogus. Macroeconomics is what lets economists such as Keynes pretend that wealth-destroying policies create wealth. 2) Deflation is not bad, but rather a necessary adjustment to economic realities. Deflation is unpleasant, but it is a result, not a cause, of an economy in recession. Schiff does a very good job at explaining what wealth is. Wealth is not equivalent to economic activity, nor does economic activity create wealth. Rather, the creation of wealth results in economic activity. This helped me reach a better clarity of understanding, namely that the mistake of "macroeconomics" or "Keynesianism" is to confuse the metrics of economic productivity with economic productivity itself. Economic activity is a valid metric of wealth creation, but only up to a point: it isn't valid to add to that number via inducing activities that don't create wealth, and then treat the higher number as a healthier economy. It's like confusing the number on a thermometer with the actual temperature (of the outdoors, of the room, of a patient's body). Thus the policies advocated by Keynesianism are often no more than like the strategy of a child pretending to be sick: he holds the thermometer next to the lightbulb while his mom is out of the room. His temperature isn't really 106, he just wants the benefits that he imagines would result from a temperature reading of 106 (namely staying home from school for a day). Keynesian policies move money around, and the metrics (taking the temperature) measure money moving around. It is easy to (temporarily) convince everyone that the economy is strong by moving money around, but eventually the truth that no wealth has been created is communicated to everyone, causing a bust ... at which point the Keynesians insist on more policies that move money around. The housing crisis is a good case in point. The government adopted several policies for various political reasons that made it very easy to move money around, turning housing into a commodity rather than an asset. As long as housing was an asset, it was real wealth, and its value would always go up. The moment it became a commodity, the values fluctuated wildly. Now the Keynesians want to jump start the housing market by pumping money into it (moving money around), ignoring the fact that there is now a surplus of housing that will take several years to clear up. All the pump priming will never erase the facts that no wealth is being created. Why do so many people subscribe to Keynesianism, if it is so obviously problematic? The issue is that it is not "obviously wrong" at all because the assumptions of the theory "prove" themselves via confirmation bias. Economic "stimulus" moves money around, and economic growth is measured by how much money moves around, thus the metric for economic growth hides the fact that wealth isn't created. This is where my analogy of the child pretending to be sick fails: the child knows the number is a lie. Keynesians have inadvertently fooled themselves into believing that the number is true. ## Frequently Bought Together - How an Economy Grows and Why It Crashes - Thank You for Arguing, Fourth Edition (Revised and Updated): What Aristotle, Lincoln, and Homer Simpson Can Teach Us About the Art of Persuasion - The Elements of Style, Fourth Edition --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.pl/products/4102487-how-an-economy-grows-and-why-it-crashes](https://www.desertcart.pl/products/4102487-how-an-economy-grows-and-why-it-crashes) --- *Product available on Desertcart Poland* *Store origin: PL* *Last updated: 2026-05-08*