How an Economy Grows & Why it Crashes : Summary

[ These books are written by the Father-Son duo of Irwin & Peter Schiff, albeit at various points in time. The first book titled, ”How an economy grows and Why it doesn’t ?” was written by Irwin A Schiff in 1979 and his son has followed it up in 2010 with the second book titled,” How an economy grows and Why it crashes?”. Both books give a chance to ponder over the situation that US is in, financial crisis of 2008 which is still on with full force in 2011.

How an Economy Grows & Why it Doesn’t : Summary

This is a graphic novel explaining the growth of a general economy from its barebones structure to a full-fledged economic system. Through an allegory , the author shows the deep malaise in the functioning of US economy. It starts off with three men on an island Able, Baker and Charlie who merely catch fish,eat, sleep. There is no credit, no investments, no savings to begin with. Able gets a brainwave to make a fishing net that will save him some time to pursue other activities.

The theory that would not die : Summary

The book by sharon bertsch mcgrayne, is about Bayes’ theorem stripped off the math associated with it. In today’s world, statistics even at a rudimentary level of analysis (not referring to research but preliminary analysis) comprises forming a prior and improving it based on the data one gets to see. In one sense modern statistics takes for granted that one starts off with a set of beliefs and improves the beliefs based on the data.

UNTITLED : Summary

This book is a poor imitation of Steven Pressfield’s book , “Do the work”.The author is a professional actor who seemed to have settled in to some creative director gig at a Church. The book is called “Untitled” and metaphorically refers to the blank page that faces any person at the beginning of a project, be it writing an article/book/painting/creating a biz etc. Everyone has to start with a blank page.