How An Economy Grows And Why It Crashes [I]

The theme of fishing permeates the entire narrative. We can observe the growth of the economy as human productivity and fishing output vary. It also discusses several election-related decisions made by the government after it was established, as well as those decisions made by the ruling class that cause the economy to grow uncontrollably and lead to additional economic issues like inflation.

The three aborigines of the island, Abe, Baker, and Charlie, make a living by fishing. Abe makes fishing nets at the cost of starving, which improves productivity and the productivity of the whole island. On this basis, we have continuously improved the means of production, generated more savings, converted them into capital, and even produced a simple division of labor, with employers and employees, with goods fixed as general equivalents (fish in the book), and produced national and government departments… Compared with other economic books, “How An Economy Grows And Why It Crashes” has a concise and vivid story. It better explains the abstract economic terms and principles, and combines the principle introduction with the reality link, which easily reveals the general economic development laws and social development process, and also enables the economic green-hands to have a certain ability to analyze the current world economy.