The Most Important Lessons in Economics and Finance

A Comprehensive Collection of Time-Tested Principles of Wealth Management

Non-Fiction - Business/Finance
288 Pages
Reviewed on 10/14/2020
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Author Biography

Dr. Anthony M. Criniti IV (aka “Dr. Finance™”) is the world's leading financial scientist and survivalist. A fifth generation native of Philadelphia, Dr. Criniti is a former finance professor at several universities, a former financial planner, an active investor in various marketplaces, an explorer, a speaker, and has traveled around the world studying various aspects of finance. He is an award winning author of three #1 best-selling finance books: The Necessity of Finance (2013), The Most Important Lessons in Economics and Finance (2014), and The Survival of the Richest (2016). As a prolific writer, he also frequently contributes articles to Entrepreneur, Medium, and Thrive Global. Dr. Criniti’s work has started a grassroots movement that is changing the way that we think about economics and finance.

    Book Review

Reviewed by Ashley Tetzaff for Readers' Favorite

Dr. Anthony M. Criniti IV has done it again! In his work, The Most Important Lessons in Economics and Finance: A Comprehensive Collection of Time-Tested Principles of Wealth Management, the author lays out a thorough study of principles relating to finance and economics. The book has three main parts. Part One is for the more scholarly, who would like to know the background of what Dr. Criniti has studied, how he defines some of the main terms he uses, and what the possible benefits and limitations are to this work. Part Two lays out Dr. Criniti’s top 218 Principles for Economics and Finance. There are categories like Business, Debt, Ethics, Investing, Personal Finance, etc. and there are several principles under each category. Principles like: “If you have the option, eliminate the difficult clients for maximum efficiency” and “Simplifying your product or service has strong marketing appeal” and “The more risk you take, the more you can lose or make” and about 215 more like that. Each principle has a paragraph or two explaining the rationale behind the sentence in detail. Part Three is essentially a summary of Part One, plus the bibliography, index, and other appendixes.

Part One was extremely interesting to me and reminded me of my research for my Master’s degree (terminology and limitations and qualitative versus quantitative and other lovely terms which are very thrilling when you have worked with them), but if I didn’t have that background, I’m not sure I’d have had a clue what he was talking about half the time. Which is why Dr. Criniti wisely mentions in the introduction that those not interested in that aspect could just skip to Part Two. Part Two is very easy to read and understand and is so good! Each principle is about half a page but has the wisdom of half a century in it. I read each principle thinking “oh yeah, I’ve seen that proven” and “yep, that is how I interact with businesses, so I suppose that is how other people would interact with mine.” Each principle seems so simple, and yet is so profound. Part Three is a summary of Part One. If you can’t wade through Part One, read Part Three for the essential nature of it. But Part Two is the absolute must-read section of the book. I don’t think I will ever forget this book. The Most Important Lessons in Economics and Finance is now one of my top ten favorite books ever!

K.C. Finn

The Most Important Lessons in Economics and Finance: A Comprehensive Collection of Time-Tested Principles of Wealth Management is a work of non-fiction in the business and finance sectors, penned by author Dr. Anthony M. Criniti IV. A further exploration of his work in the volume The Necessity of Finance, this collection of considerations focuses on the essential principles of wealth management. It delivers the ideas in an accessible format for anyone to understand at a foundational level, breaking down terminology and jargon to demystify the philosophy surrounding finance and show its bare mechanical workings. Topics such as charity, debt, business, ethics, health, international matters, and personal finance are covered, as well as many more.

Students seeking a comprehensive guide to the world of finance need look no further than the collection of works presented by author Dr. Anthony M. Criniti IV. The narrative style of the work in this piece shows a determination to pull back the veil on prestigious academic language as well as insider knowledge in the financial world and be certain that students can navigate and understand the core principles right from the off. No matter your experience with finance thus far, this book will give you the full arsenal to be prepared to understand each sector in turn, but also how they work together in the overarching machine of finance and financial science. Overall, I’d highly recommend The Most Important Lessons in Economics and Finance as a go-to guidebook to demystify financial science and get to grips with what’s really going on.

Rabia Tanveer

The Most Important Lessons in Economics and Finance: A Comprehensive Collection of Time-Tested Principles of Wealth Management by Dr. Anthony M. Criniti IV is a guide to maintaining personal wealth. The author, who was a financial consultant, shares what finance is and how a person can manage their personal wealth and grow it. The author gently guides the reader to understand the basics of finance and helps them to apply the information in real-life situations. The guide provided would be great for individuals as well as organizations to manage their finances in ways that best suit their circumstances. The author believes information leads to better decisions and this is very important when it comes to financial matters. The author breaks down the technical jargon, allows the reader to understand it, and then encourages them to make sound financial decisions.

Dr. Anthony M. Criniti IV has done a good job of making financial terms easier to understand. The Most Important Lessons in Economics and Finance serves the dual purpose of providing guidance to people who are looking for it and offering good research material for the students who need it. The author starts by educating readers on the basics of finance, the factors that a person should know about, how can a person save money, plan their investment better, and he offers sound solutions that will work in real-life situations. While this isn’t predominantly a self-help book, the way the author has shared the information makes it a suitable option for those who need help with maintaining their finances. The author uses simple language, allows the reader to understand the concepts at their core, and thus better manage their finances.

Christian Sia

The Most Important Lessons in Economics and Finance: A Comprehensive Collection of Time-Tested Principles of Wealth Management by Dr. Anthony M. Criniti IV is a non-fiction business book from an expert that contains powerful lessons in finance. In this book, the author shares his principles on finance explored since the beginning of record-keeping. This is a book that continues to explore themes already developed in the Necessity of Finance by the same author and it proposes a path to financial stability and wealth. The author articulates on a variety of topics, providing ground-breaking insights on business, charity, debt management, ethics, financial psychology, human resources, investing, marketing, and a lot more.

I particularly loved the sections that deal with personal finance, planning, and saving, where the author teaches readers how to take control of their financial health and wealth. From education, employment, estate planning, family and friends, habits, shopping, to retirement, Dr. Anthony M. Criniti IV identifies factors and habits that can help readers when it comes to generating wealth and putting it in the right place. This is one of the best books I have read on wealth management and one that will appeal to fans of Rich Dad, Poor Dad. It is written in language that is simple and accessible with examples that readers can quickly relate to. The author writes with authority and brings into the work his years of experience as a finance consultant and university professor. It is packed with lessons for readers who want to take control of their finances and make it grow. You want to earn more money and grow your wealth; this book provides the tools you need.

Asher Syed

The Most Important Lessons in Economics and Finance: A Comprehensive Collection of Time-Tested Principles of Wealth Management by Dr. Anthony M. Criniti IV is a non-fiction self-help guide to personal and some business finance, expanding on his previous work, The Necessity of Finance. The book is filtered into three separate parts. The first part breaks down the scientific principles and a brief summary of the author's approach toward compartmentalizing them. Part two lays out Criniti's two-hundred eighteen principles, which range in a broad spectrum of material from debt, ethics, and investing, to personal finance, planning, and saving. Part three rounds out the aforementioned principles in conclusion, providing the resources used in the book's compilation and sample questionnaires.

Dr. Anthony M. Criniti IV is clearly an author with a deep understanding of the topic at hand in The Most Important Lessons in Economics and Finance. This knowledge is applied throughout the book as he lays the foundation and builds the framework of financial analysis. The chapters and principles are numerous, but each principle listed is quite short, with Criniti's personal perspective as the driving force. It's important for a reader to understand that this book is largely based on the author's insight and, for the most part, does not provide tangible evidence to corroborate the canon of principles, and there were elements that I didn't agree with or felt they were slightly banal. The former is acknowledged by Criniti, and I believe there is enough relatable, valuable information that, when combined with the author's lengthy field experience, will make a good addition to a reader's arsenal of finance and economics texts.


"regular text. The most important lessons about economics and finances. regular text". Oh, what a wonderful book! The first time I came across the title I quickly thought it was one of those books I have read before concerning steps to become rich or wealthy, then regarded it as one of such books as common, with shallow-founded ideas and so forth. But guess what?! "regular text. Dr. Anthony M. Criniti IV. regular text". has thoroughly put the lessons in a plain language, also with well-founded ideas of lessons that point to his hands-on experience in finances.

This could be a manual for all money matters, I think. From what I learnt; if you want to start a business, increase your income, get monetary support; its all in this book! One of many phrases I picked from the ones he coined himself like, "civilizations that use money require it for survival," something we could all agree to - that we use money in our daily transactions that we can't do away with. Today's world, is mostly driven by money not like the old times when people used barter system (exchanging goods for goods). Although, far from towns, few could use barter system, it is on a small scale and or rare. Adding to this is, that all of life's problems can't be cured by money. We use it for what is necessary and convenient and not an answer to all things and matters that concern life. It has never bought life. When a person acquires money and the moment he thinks its enough; that's when they realise that more is needed to be earned and the void of lack of love lingers. It can never be quenched by any amount of money that we could ever have. Money has never bought nor brought solutions to buy a chance for a man to live ever young and longer on earth. He says that money will not buy love and respect, yes, we earn love and respect through a lifetime commitment in our various relationships. We can't buy interest as well, it comes naturally and it is given to, by choice. He says, in commerce its a useful tool to get things done. This is not a one-way solution or fit-one or in other words a personal situation coined-phrase but a general state-of-matters kind of explanation that all people face. He also adds on to say that if one had skills to convert their money to larger or smaller units, they could have ample opportunities to create wealth or avoid losing it. I agree, no one wants to think of losing money neither knowingly nor unconsciously. For an individual to create something meaningful and valuable, there must be wisdom. Something the author explains plainly. From a great thought, again, to say that we don't need to become academically intelligent to become wealthy to a great lesson to me and for me. In a simple way, he explains the some-what difficulty matters of interest in our societies when it comes to money issues. It is said well, that wealth does not measure the intellectual capability of one who owns it. Mostly those who own it have recruited people who have qualifications to manage it for them. In another way he points out this that, for our biggest decisions, we have to research for the biggest not for the smallest ones; every step we are to take needs an informed-vision for it to be successful: a thorough skill. I put it this way, a planned move always has got stable and steady state of affairs and fairs well.

Money can never be taken after death. Moreover, we come with nothing on earth the first time we are born into this world. What we gain thereafter remains and is inherited by other people; another big lesson is that we need to share intently with others while we may. He also says that if a man has a supportive life partner, he has high chances of accumulating, managing and maintaining wealth. Adding that if they couldn't agree on a good spending culture, a downward spiral of lose of money is inevitable.

I'm so much grateful to the author that he came up with such a wonderful composition of precise, ease to exercise and concise lessons for economics and finances. He has advised money-wise across the life-board of livelihood. An eye-opening type of book. Whether you are making, lending or getting money, you need to have good knowledge of economics and finances and its what is written herein. I have put it on my list of worthy-to-read and keep books.

"Regular text. I rate this with 4 out of 4. Regular text".

- Joe9 from