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Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and In
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This clearly written, award-winning book about economics is a remarkably easy and fun explanation of money (its origin and history), the dollar (its origin and history), investment cycles, velocity, business cycles, recessions, inflation, the demand for money, government (its economic behavior), and more. All explanations and interpretations are according to the Austrian and Monetarist schools of economic theory.
Using the epistolary style of writing (using letters to tell a story), author Richard J. Maybury plays the part of an economist (Uncle Eric) writing a series of letters to his niece or nephew (Chris). Using stories and examples (including historical events from Ancient Rome), Mr. Maybury explains economic principles, giving interesting and clear explanations of topics that are generally thought to be too difficult for anyone but experts. Mr. Maybury warns, "Beware of anyone who tells you a topic is above you or better left to experts. Many people are twice as smart as they think they are, but they've been intimidated into believing some topics are above them. You can understand almost anything if it is explained well."
Whatever Happened to Penny Candy? is essential for every student, businessperson and investor. It was recommended by the late William Simon, former U.S. Treasury Secretary and is also on many recommended reading lists.
Whatever Happened to Penny Candy?" can be used for courses in economics, business, finance, government and Ancient Rome.
To improve the student's learning experience, also purchase the student study guide for "Whatever Happened to Penny Candy?" titled "A Bluestocking Guide: Economics" also available through Amazon.
Table of Contents for "Whatever Happened to Penny Candy?"
1. Money: Coins and Paper
2. Tanstaafl, The Romans, and Us
3. Inflation
4. Dollars, Money, and Legal Tender
5. Revolutions, Elections, and Printing Presses
Big Mac Index
6. Wages, Prices, Spirals, and Controls
7. Wallpaper, Wheelbarrows, and Recessions
A Partial List of Runaway Inflations
Boom and Bust Cycle Since the Civil War
8. Fast Money
History Repeats
9. Getting Rich Quick
10. The Boom and Bust Cycle
Fear Has Become the Driver
11. How Much is a Trillion?
The Roaring 90s
Federal Debt Chart
12. What's So Bad About the Federal Debt?
An Interesting Exercise
One Reason Governments Spend So Much
13. Summary
What Happened in 2008?
The Unknown Shakeout
14. Where Do We Go From Here?
15. Natural Law and Economic Prosperity
Nations and Legal Systems
Appendix
Excerpt from The Long Winter
Sutter's Fort Trade Store Sign
Comparison of Law Chart
Distilled Wisdom
The Truth About Inflation
The Oil Myth
Measures of Money Supply
Supply of Dollars Chart
Real Wages
Real Wages Chart
How to Invest in Gold and Silver
Resources
Movies and Documentaries
Websites
Financial Newsletters
Bibliography and Recommended Reading
Glossary
Books for Further Study (also available through Amazon)
"Economics: A Free Market Reader" edited by Jane A. Williams and Kathryn Daniels
"Capitalism for Kids" by Karl Hess
"Common Sense Business for Kids" by Kathryn Daniels
"Whatever Happened to Justice?" by Richard J. Maybury
- Sales Rank: #9647 in Books
- Published on: 2015-11-01
- Original language: English
- Dimensions: 8.25" h x 5.50" w x .50" l,
- Binding: Paperback
- 168 pages
Review
"Maybury's forte is explaining economics in an interesting, logical, and easy-to-understand manner no small achievement in economics pedagogy. Equally important, the economics in 'Whatever Happened to Penny Candy' makes such good sense. When government's economic policies make us say 'uncle,' let's hope it's 'Uncle Eric,' Maybury's letterwriter and alter ego." ----John G. Murphy, Ph.D., President, National Schools Committee for Economic Education (commenting about a prior edition)
"This book is must reading for children of all ages. Its presentation of some of the fundamentals of economics is lucid, accurate, and above all highly readable." --Michael A. Walker, Executive Director, The Fraser Institute, British Columbia, Canada (commenting about a prior edition)
"This one slim volume can and should replace at least one full shelf of weighty tomes. There's really no excuse for being baffled by economic theory and economic theoreticians when you can spend an evening with this grand book and learn the ABC's of a subject about which the politicians, in particular, wish you'd stay illiterate." --Karl Hess, Author, "Capitalism for Kids" (commenting about a prior edition)
About the Author
Richard Maybury, also known as Uncle Eric, is a world renowned author, lecturer, and geopolitical analyst. He consults with business firms in the U.S. and Europe. Mr. Maybury is the former Global Affairs editor of "Moneyworld" and widely regarded as one of the finest free-market writers in America. Mr. Maybury's articles have appeared in "The Wall Street Journal", "USA Today", and other major publications. He has penned eleven books in the Uncle Eric series. His books have been endorsed by top business leaders, including former U.S. Treasury Secretary William Simon, and he has been interviewed on more than 250 radio and TV shows across America.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Best crash course on economics... even adults should read~
By James Sanford
Watch a video of adults interviewed on the street on basic economics. They do not understand where money even comes from, let alone what function the Federal Reserve Serves. If you want your kids to have a concise, clear understanding of economics (which, our government would rather they not have), I would absolutely recommend this book over any other. Clear, good illustrations, synopsis of history of money and corruption (seems they go hand-in-hand, no?).
I highly recommend this book.
1 of 1 people found the following review helpful.
The Best Economics Primer
By Kelly McCants
This book lives up to its reputation! It is a fantastic explanation of economic basics, clear and easy to read, entertaining and well written. I especially like how the material is presented systematically and in small, understandable chunks via letters from an economist uncle. I appreciate how the author gives historic examples of the principles discussed, and shows how the economy has influenced history. The adults in the house learned from this book, too!
1 of 1 people found the following review helpful.
Great addition to school work and informative for adults.
By MJK
This book has been helpful for my 12 year old son to learn the basics of economics and inflation. He hates reading and he's okay with being asked to read a chapter every other day. He gets quizzes on this after each chapter and does well. He's retaining the information and can discuss the topic afterwards. This comes for a kid that would rather do sit ups than read. It's interesting enough where there's not fighting about him doing a bit of home schooling.
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