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小岛经济学

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4.15  ·  Rating details ·  3,198 ratings  ·  336 reviews
《小岛经济学:鱼、美元和经济的故事》
你一定非常想知道:
通货膨胀到底是怎么来的?
为什么中国要购买那么多的美国国债?
扭转恶化的经济状况是该花钱,还是存钱?
为什么有些国家很富有,而另外一些国家却很穷?
席卷全球的经济危机又是怎么发生的?
如何对经济领域的各种现象进行专业而又生动的分析,是一项艰巨的任务。如何让从9岁到90岁的读者都能通过一本书洞悉日常生活现象背后的经济规律,更是一项几乎不可能完成的任务。《小岛经济学》就是这样一本书,它通过插图、幽默的措辞以及讲故事的平实手法,将经济学从高不可攀的架子上取下来,放回到厨房的餐桌上。它本就该属于那个地方。
这个关于鱼、渔网、存钱、借钱的故事揭示了经济是如何运行的,映射出当今经济体制与政策暗藏的漏洞。希夫兄弟以机智幽默的手法阐释了经济增长的根源,贸易、储蓄及风险三者的重要性,滞胀的根源,利率的影响,政府的刺激
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Paperback, 1, 300 pages
Published March 1st 2017 by 中信出版社 (first published January 1st 2010)
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4.15  · 
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 ·  3,198 ratings  ·  336 reviews


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Jay Roberts, CFP®, CRPC ®
If you read this one book, and then formulate your opinions about the market with this material alone, you are a moron. This book will forever stick in my memory as a yardstick to determine intelligence by. I told my wife that it isn’t bad, per se. It’s just stupid, wrong, and written for a 5th grader. Admittedly, it simplifies a huge problem in a concise manner… but that’s the problem.

It is such an oversimplification that it allows the author to subtly interject erroneous beliefs into the narr
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Toe
Nov 25, 2012 rated it liked it  ·  review of another edition
Shelves: nonfiction
Peter Schiff exposes the flaw in Keynesian economics through the use of an extended allegory or parable. His story involves an island nation that grows from subsistence living to great prosperity and then declines. The island nation represents the United States. The story serves as a warning against Keynesianism.

In the beginning, there are only three men. Each man catches and eats one fish per day. Then, one man decides to forgo his meal for the day to build a net, which proves successful and su
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Jeremy
Apr 18, 2011 rated it it was amazing  ·  review of another edition
Shelves: econ

This book is pure, unadulterated genius.

It explains where we’ve come from and where we’re headed. It explains how Keynesian ideas have prospered over Austrian economics, even though they are utterly, hopelessly wrong and are ruining our country. I cannot recommend this highly enough to anyone who cares about America. I read it in two days, easily, and so can you. Who doesn’t have two days to change their life?

Quotes:

We are told that we must go deeper into debt to fix out debt crisis, and that we
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Andrew Fish
Nov 26, 2012 rated it liked it  ·  review of another edition
Shelves: economics
Fun, but flawed.

As a basic primer on the evolution of economies, this book is a light and fluffy start for the layman. Where it is flawed, however, is that it's written with a conclusion already in mind and the analogy on which it builds is therefore twisted to suit that view. The trouble is that the gold standard, which this book extols, is not the same as an economy based on fish - fish being a resource which can be replenished and grown. A real economy, based on gold, can only be stifled by t
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Abhinav Chada
Usually, I don't read books in a single stretch but this is one of those books that I couldn't get enough of.

When it comes to the 2008 Financial Crisis, not many economists are able to explain it in layman's terms. Peter Schiff does an extremely good job in dissecting the basic concepts of Economics from scratch. This is an exceptionally well-written book and specially curated for the layman. The way Schiff relates to the concepts is laudable. He starts off by using the fish analogy and bases al
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awwsalah
Apr 03, 2018 rated it it was amazing  ·  review of another edition
Shelves: economics
well, If you are destined to become a successful person, then facing your personal issues wouldn’t be a problem for you. People in general, have very little knowledge of how the economy affects our daily lives, regardless of our interests.
Sometimes, the lower-class citizens are entirely neglected by the government, which makes it even hard for people with their set of skills to find a job. In the final analyses, Schiff is convinced that the countries should eradicate the concept of minimum wage.
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Nilesh
This book reflects my views and style more than anything I have read that's not my own. Hence the rating could not have been any different!

Economic theories need to be de-jargonized every now and then to understand the stupidity of some of the things that policymakers do or are recommended to do. Extremely few people, with many experts excluded, tend to understand the basic meaning of some their pet economic solutions or policies. Complex theories effectively lead to equivocation, obfuscation of
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Miroslav Krajnak
This is my review on Amazon dated October 22, 2013:

The book walks you through the basics of "island economics," in which FUNDAMENTAL ECONOMIC PRINCIPLES in a hypothetical three-man (initially) economy are explained.

It is basically an allegory of the US economic history riddled with lots of illustrations that add visual dimension to the humor in which the authors present the story. No, a touch of humor does not at all downplay the seriousness of the subject matter, nor does it detract anything fr
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Nathaniel
Feb 10, 2013 rated it really liked it  ·  review of another edition
Very entertaining and a remarkably easy read. Schiff argues compellingly that the basic principles of an economy remain basically the same between large and small economies. He allegorizes how an economy grows in the story of small fishing economy, providing many clear insights in economics along the way.
Ashish Joshi
Feb 04, 2016 rated it it was amazing  ·  review of another edition
This book must be read at an age when your mind is ready to differentiate between the prevalent economic ideologies and their merits/demerits but certainly not before an age where you cannot locate the fallacies in the author's arguments. Without any background in economics, I personally wish I could have read it before my post-graduation in business management.
V K
Dec 06, 2015 rated it it was amazing  ·  review of another edition
A really good easy explanation for what's happening with our economy and why, for people who couldn't be further from economic theory. Perfect. Can this be required reading for our federal government and ALL high school seniors? This instead of a standardized test please.
Marcelo Advíncula
It’s an over simplified explanation of how a regular economy works and its cycles (boom and bust). But it is focused on the united states economy (mainly the recession part [housing and educational bubbles])

The book’s characters also have names very similar to the real life people behind the real events (e.g. George W. Bass, Ben Barnacle e Barry Obuda).

I think the book is aimed for beginners in economy studies but at the same time you have to have a certain knowledge on economics subjects such a
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Marie
Aug 19, 2017 rated it liked it  ·  review of another edition
The allegory in this book is useful for understanding economic principles, but the author's main message seems to be that an unregulated market economy is always the best thing for everyone, and problems occur only when government steps in to try to help. Everyone on the island seems to benefit equally from advances in technology; somehow the guy catching fish still earns a livable wage even when there's someone who owns all the nets and boats. It seems to me it's easy to say "look where Keynesi ...more
Chris
Jun 08, 2018 rated it it was amazing  ·  review of another edition
A real eye-opener

Reading this book will show you what is really going on with both our domestic and global economies. It's written in a simple story form but also contains additional information that digs a little deeper.
Ahsan Khan
Apr 23, 2019 rated it it was amazing  ·  review of another edition
Fantasy explanation of economics that mimics the real world! Great book.
Massgreen
Mar 12, 2017 rated it it was amazing  ·  review of another edition
Economy will be better off by running free market. Artificially low interest rate to stimulate spending is not the way to boost/recover the economy. The governments attempts to smooth out the volatility of free markets by expanding the supply of money and running large budget deficits when times were tough set a greater fall in the future.

good fact: "Inflation is simply a means to transfer wealth from anyone
who has savings in a particular currency to anyone who has
debt in the same currency. With
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Mark Geise
Feb 10, 2015 rated it it was amazing  ·  review of another edition
“How an Economy Grows and Why it Crashes” is an enjoyable read by Peter and Andrew Schiff. It is obviously a simple allegory, but I think it does a great job to illustrate things that have happened and continue to happen on a global scale. Due to the economics profession, most people believe that macroeconomics is beyond their understanding. Much of the economics profession has (I believe) intentionally obfuscated basic concepts to put them out of reach of the layman. I laughed out loud a few ti ...more
Lynda
Feb 06, 2015 rated it it was amazing  ·  review of another edition
This is the first book I have read two times back to back. For economics majors who were (only) exposed to Keynesian economics, this book serves as a wake-up call. The book's substance and argument are profound despite its 'fun' tone with the wonderful cartoons displayed throughout and its compact size and accessible language; no American should go about their lives without reading it. When reading the news about how Fed pondering raising interest rates later in 2015 since they claim the economi ...more
Mustafa Abdelrahman
With the simplest and most interesting approach, the author demonstrated the main economic principles staring from microeconomics to the international trade with a highlight on the relationship between china and the US.

The book starts by a tale of three men living on an island with one requirement to live,Each one has to catch at least one fish.For simplicity, they spend the whole day to catch that fish.After that, one of them came up with an idea ,that would boost the productivity of the entire
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Bill Peacock
Peter and Andrew Schiff wrote this book based on the book by the father Irwin. It combines simple explanations and cartoon-like illustrations on almost every page to lay out clearly the effects of government intervention in the market. It begins with three men on a Pacific-style island who work all day to catch one fish with their bare hands--just enough to survive. One of them, Abel, finally gets tired of sustenance living and his desire for more leads him to invent a net. Abel has to go withou ...more
Clinton
Jan 27, 2012 rated it it was amazing  ·  review of another edition
Although the book only briefly illustrates the philosophy of Austrian Economics, How an Economy Grows and Why It Crashes is a wonderfully concise and entertaining story for those who are unfamiliar with Austrian Economics.
The story begins with explaining the nascent of an economy through Crusoe Economics. Economic growth is expanding the use of land and labor through production and savings by restraining present consumption for future consumption in support of more efficient uses by investing in
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Arun Mahendrakar
The book discourses the subject of Economics in a highly comical way. The 'story', so to say, correlates with real life examples of the growth and fall of the US economy. I was disinterested / disinclined in Economics during my school days probably because my teachers made the arcane and boring subject it even more torturous. The authors on the other hand transformed it into a highly entertaining and enlightening topic.

The mantra "Productivity, not spending, is the key for economic growth" stand
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Rohan Rajiv
Jun 23, 2014 rated it it was amazing  ·  review of another edition
Shelves: money
First, let me get the obvious out of the way – yes, this book isn’t perfect. It can be very simplistic at times and the writer does have a clear political agenda against the US government’s financial policy.

Now that I’ve said that, this book is a must read for everyone. I say everyone because we all deserve to understand how an economy works. The authors lay out the principles of economics and call bullshit on the idea that micro economics is essentially different from macro economics. They do i
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Zbyszek Sokolowski
This funny from the first impression book describes not so funny thesis. The US economy is not so stable as many people think. Years of spending more than they earn, living on a credit, not boosting economy and mainly production but only services. And increasing budget deficit and selling their debts to China and Japan can finish very badly. This situation can't last for ever. And panacea for trouble can't be further making debt. The funny fact is that Alan Greenspan frequently mentioned in the ...more
Fab Mackojc
Jan 02, 2016 rated it really liked it  ·  review of another edition
I really enjoyed this book. It’s a novel way of explaining basic economics. Although the author has pretty strong views against government intervention in the economy. While I don’t necessarily disagree with these views I feel like this permeated a bit too much through the book. I definitely enjoyed the multiple parodies of real people using fish references. George W. Bass and Barack Ocuda are two of the leaders of “Usonia” haha. Although it’s a massive simplification you can still get the gist ...more
Humzah Yazdani
Jun 10, 2015 rated it it was amazing  ·  review of another edition
As a lawyer interested in the field of economics, I had read numerous books on the subject. However, my exposure until this book had been restricted to the Keynesian school of thought which did leave a lot of questions unanswered. I am glad that, inadvertently, I came across this book which is from the Austrian school of thought. Even though it does oversimplify the field of economics, he does back it up with solid facts of the modern day and age at the end of each chapter.

Regardless of which s
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Jacques Bezuidenhout
Quite a fun little book. Really enjoyed it.

It is told in a fictional way based on the lives of some island people.

Is it over simplified? Probably. Who cares.
It explains what is needed in an easy to understand and fun way.

Combine this book with The Dictator's Handbook: Why Bad Behavior is Almost Always Good Politics and you've got yourself a lot of reason to be mad at government and politicians.

Probably not meant for everyone, but a sweet and short filler.
Hikmat Kabir
Apr 25, 2014 rated it really liked it  ·  review of another edition
Pretty radical stuff this. Peter Schiff appeals for a lot of drastic ideas that can come off as a bit profound. I've felt this way more so due to the fact that this is my first time encountering the Austrian school of economic thought compared to the usual Keynesian theories I've been taught all my life. The writing is pretty simple and easy and can be finished in under an hour. The last few chapters are a bit complicated and could have used a lot more details. Anyhow, its a pretty good book on ...more
Rick
Aug 22, 2014 rated it really liked it  ·  review of another edition
I liked the book for what it is. It's simple and concise. Nice book. Jay however, and others like him, always amaze and confound me. Why would an "expert" such a the Jays of the world read a book like this anyway as fundamental as it is? Shouldn't they be reading something on a higher plane? I mean, come on, anyone can berate a book like this spewing their opinion appearing to be an economics guru.

I think people expected too much out of this and thus maybe THEY should be writing? ;)

Read this bo
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Steve
Oct 21, 2015 rated it liked it  ·  review of another edition
This is an allegory of US economic history for middle schoolers from an anti-Kenysian viewpoint. So if you are a devoted Keynsian, and most Americans are without even knowing it, you may not like it. Or it may present a different mental economic model than you are used to which I think is a valuable exercise. And the author seems to have called the 2008 crisis properly, so he has something interesting to say.

It's a kids book so it's a quick and easy read about the subject matter. I liked the de
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“In Keynes’s time, physicists were first grappling with the concept of quantum mechanics, which, among other things, imagined a cosmos governed by two entirely different sets of physical laws: one for very small particles, like protons and electrons, and another for everything else. Perhaps sensing that the boring study of economics needed a fresh shot in the arm, Keynes proposed a similar world view in which one set of economic laws came in to play at the micro level (concerning the realm of individuals and families) and another set at the macro level (concerning nations and governments).” 3 likes
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