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Cost Benefit Jr.: Stories in Microeconomics Paperback – July 7, 2013
"Rebound" by Kwame Alexander
Don't miss best-selling author Kwame Alexander's "Rebound," a new companion novel to his Newbery Award-winner, "The Crossover,"" illustrated with striking graphic novel panels. Pre-order today
About the Author
Stephanie Herman is a homeschooling mom who wrote Cost Benefit Jr.™ for her eight-year-old son, not only to teach him about how the economy works, but to teach him how to make choices. She wrote the book right after the birth of her second son, during his naps! At eight, her older son was well aware of the benefits to be had, but rarely recognized the accompanying costs. And while he could appreciate what his own incentives (and disincentives) to act might be, he hardly ever saw that other people’s actions were also governed by a set of incentives and disincentives. She wanted to show her son that the world is balanced by the creative tension between costs and benefits. Costs and benefits bracket every choice we make, from which brand of toothpaste to buy… to which person to marry… to how we spend our free time. Once we understand that, we can make informed choices; we can make good choices. Herman believes that even young children behave “economically,” and not just in choosing how to spend an allowance. Kids respond to incentives in their behavior toward friends. They compete for things they value. And even the most well-behaved children evaluate costs and benefits when determining the wisdom of following rules. Children need to understand that we all have incentives to behave ethically. They need to understand that human beings will benefit in some way – either financially, spiritually, physically or psychologically – from every action they voluntarily take. And they also need to understand that we can be harmed by our own economic choices. Eating too much cake can cause a tummy-ache, a double chin, or even diabetes, but we can’t overlook the benefit to the taste buds that led us there in the first place.
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