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| Home >> Book Reviews >> Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments (An Uncle Eric Book) | ||||||
Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments (An Uncle Eric Book) Review
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.com. Table of Contents for Whatever Happened to Penny Candy? Acknowledgements Study Guide Available Preface Note to Reader A Note About Economics Smart 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 6. Wages, Prices, Spirals, and Controls 7. Wallpaper, Wheelbarrows, and Recessions Boom and Bust Cycle Since the Civil War 8. Fast Money History Repeats 9. Getting Rich Quick 10. The Boom and Bust Cycle 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 14. Where Do We Go From Here? 15. Natural Law and Economic Prosperity Nations and Legal Systems Appendix (not a complete listing) Supply of Dollars Chart Real Wages Chart Quotes Median Income Chart The Oil Myth How to Invest in Gold and Silver Measures of Money Supply The Truth About Inflation Real Investment Value Resources Internet Addresses Book Suppliers Distilled Wisdom Bibliography Glossary Answers to Exercises for Real Investment Value Index For Further Study (also available through Amazon.com) Economics: A Free Market Reader Contains articles by noted economists that expand on the concepts presented in Penny Candy. Study questions/answers included. Capitalism for Kids Explains the philosophy of entrepreneurship. Excellent information for both kids and adults. Includes a test to help kids determine if they have the personality to become an entrepreneur Common Sense Business for Kids Explains common sense strategies behind basic business principles. Gems of wisdom for the businessperson (young or experienced) conveyed through real-life stories and anecdotes. Though written with young people in mind, this book is engaging and beneficial for adults as well. Whatever Happened to Justice? rev. ed. Explains the common law model. Maybury says, "In my opinion, you and your family and friends will avoid a lot of trouble, and find success of every kind easier to achieve, if you adopt these two models, Austrian economics and common law. 'Penny Candy' explains the Economic model. Now, read 'Justice' for the Legal model. Underlying common law are two basic rules: 1) do all that you agreed to do and 2) do not encroach on other persons or their property." User Submitted Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments (An Uncle Eric Book) ReviewsNovember 23, 2008 Perfect for all ages! This book has been perfect for me to understand the current financial situation of the US and nationally. It is easy to understand at all ages and levels of interest. I would recommend everyone read it to prepare for the future. November 13, 2008 Great Book We homeschool and are involved in an economics course that we are using this book for. I have a 6th grader and an 8th grader. It's a little over the 12 year olds head but my 14 year old understands it. I am also learning a whole lot. I will be purchasing all of the other titles that he has written. WONDERFUL November 8, 2007 Good book on basic economics - worth buy Using LinkedIn I've recently connected with a friend from twenty years ago. We've exchanged some emails and will try to get together when he is back in town. When my friend learned that I had three daughters he recommended several books by Richard J. Maybury. I requested a couple from my library. The first one I got was What Happened To Penny Candy? What Happened To Penny Candy? is a short book of 80 pages. It is a quick read. The book is structured as a set of letters from "Uncle Eric" to his nephew "Chris." In these letters the book explains the basics of economics. It does a good job. Over the last thirty years I've read dozens, maybe even hundreds, of books on economics. This book does a good job of covering the basics. I even learned a few things. For example I didn't realize that the reason quarters and dimes were lined with the little ridges on the side was to show if little pieces were clipped off the coin. Richard Maybury, the author, writes from a strong Libertarian viewpoint. He explains why government manipulation causes problems. Someone who feels government is the solution to economic problems will not enjoy this book. I'll return the book to the library and buy my own copy. I plan to have each of my daughters read this book. It is short enough that they won't fuss too much about having to ready a dry topic. Economics is an important subject, one that I want my daughters to master. August 25, 2007 Good Intro Good introduction to the value of money; or what government does to decrease the value of money. Written to be accessible to youth and does a good job of putting economic ideas into readable prose. August 16, 2007 Focuses on Facts This treasure of a book rises to the top amongst the scant Economics courses available for home education. Along with the Bluestocking Guide available to accompany it, Penny Candy provides all that is needed in a high school economics course and spares the reader the unnecessary fillers. Written in the creative format of correspondence letters, all the meaty issues are presented in a highly understandable writing style. The Bluestocking Guide gives additional writings to amplify the chapters. Questions, essay assignments, and a list of supplemental movies and books make this a thorough and well-rounded course. June 26, 2006 Even better than "Economics In One Lesson" I think this is the best book out there to help quickly spread a basic understanding of economics and therefore how the world works. The knowledge and importance per page ratio is the highest I have ever read. Even better than Harry Browne's intro to economics from his famous first 80 pages of "How you can profit from the coming devaluation" . Pages 13 - 90 are the heart of the book. That is 77 pages that in less than 2 hours can take your average person from unfortunate ignorance to economic genius compared to your average economics college graduate. Somehow someone needs to reach Bill Gates and Warren Buffet and get them to read this book and put a copy in every american household. That would really be the most charitable thing they could do. April 28, 2006 Great Book on Money and Inflation The great thing about this book is that it's a great explanation of inflation. The bad thing about this book is it's a great explanation of inflation. Yes, I said the same thing twice. When it was first written-1978-inflation was the major thing in American economics. Today it is still a major threat-but the social urgency over it has declined as the rate of inflation has waned over the years. Yet, I still give this book a 5 star rating because understanding inflation requires explaining money. This book explains money better than any other book I've read. Understanding money is VERY important. It is not only the key to explaining inflation, but it is the context in which almost all business activity plays out. A good understanding business requires understanding this context. This book does a great job a laying out that context. The writing style is down to earth and simple. The book is short, very entertaining (for an economics book), and has clearly defined chapters. The author has some good illustrations. I don't really mean the expected graphical illustrations-although it has some of them too. I mean historical illustrations: stories of how societies have used (and abused) money in the past. These stories not only buttress the author's arguments, but also anchor the lessons in tangible human drama. I'd recommend this book to anyone interested in learning economics and/or business. February 16, 2006 What every American Needs to know Absolutely marvelous and clearly explained! I am a science teacher certified to teach all the major science disciplines and have read many books concerning economics. This one trumps them all! Common sense is throughout. December 29, 2002 Number two in a nine book series that every student needs! I was hooked on Richard Maybury's series after reading "Are you Liberal or Conservative? Or Confused?" I immediately ordered the entire series and have not regretted it for an instant. I began with number one and moved through them all in the correct order, or at least the recommended order by the author. "Let's talk about Personal, Career and Financial Security" was the first and just wet the curiosity. It left you wanting to know more. This book began the meat and potatoes of a series that is easy to read, written on an understandable level for everyone and enlightening to all concerning the many mysteries of historical, economic and governmental issues and interminglings that have to do with social, moral, political and so many other issues. I would recommend this series as a Middle School Required reading text with in depth discussions and working groups for the youth of America to be better informed than they now are about the world and how it all works and fits together. Mr. Maybury's elaboration of the various "Models" that people create for the world they try to live in was a very thought provoking exercise and explained a great deal about the great divide that currently separates the American consciousness. Two down and still batting a thousand. Great job Mr. Maybury.
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