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
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
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
What Happened in 2008?
The Unknown Shakeout
14. Where Do We Go From Here?
15. Natural Law and Economic Prosperity
Nations and Legal Systems
Excerpt from The Long Winter
Sutter’s Fort Trade Store Sign
Comparison of Law Chart
The Truth About Inflation
The Oil Myth
Measures of Money Supply
Supply of Dollars Chart
Real Wages Chart
How to Invest in Gold and Silver
Movies and Documentaries
Bibliography and Recommended Reading
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