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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 Investments (An Uncle Eric Book) | 
 enlarge | Author: Richard J. Maybury
Creator: Jane A. Williams
Publisher: Bluestocking Pr
Category: Book
List Price: $14.95
Buy New: $12.45
You Save: $2.50 (17%)
New (11) Used (11) from $10.95
Avg. Customer Rating:  12 reviews
Media: Paperback
Edition: 5th
Reading Level: Ages 9-12
Number Of Items: 1
Pages: 190
Shipping Weight (lbs): 0.6
Dimensions (in): 8.4 x 5.4 x 0.5
ISBN: 0942617525
Dewey Decimal Number: 330.157
EAN: 9780942617528
Publication Date: May 15, 2004
Availability: Usually ships in 1-2 business days
Condition: Cover is damaged.
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Product Description
In "Whatever Happened to Penny Candy?" Richard Maybury uses historical events from Ancient Rome to explain economic principles. This clearly written book about economics is a remarkably easy and fun explanation of investment cycles, velocity, business cycles, recessions, inflation, the demand for money and more. Essential for every student, businessperson and investor. Recommended by former U.S. Treasury Secretary William Simon. It is also on many recommended reading lists.
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."
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| Customer Reviews: Read 7 more reviews...
Great Book November 13, 2008
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
Good book on basic economics - worth buy November 8, 2007
3 out of 3 found this review helpful
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.
 Good Intro August 25, 2007
2 out of 2 found this review helpful
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.
Focuses on Facts August 16, 2007
2 out of 3 found this review helpful
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.
Even better than "Economics In One Lesson" June 26, 2006
9 out of 10 found this review helpful
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.
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