A Book That Successfully Teaches Kids About Economics: I was pleasantly surprised. The authors manage to accomplish what they promise to do in the subtitle: introduce kids to basic economic principles -- everything from supply and demand to opportunity cost and diminishing returns. And they do it through everyday scenarios that are colorfully illustrated with pictures and non-threatening graphs. The book has four easy-to-digest chapters based on Balconi s own experiences with her two children (an anecdote about a young girl who wants to swim with the dolphins was inspired by her daughter). It is aimed at elementary-age children, but the clear explanations are just as appropriate for older kids, not to mention plenty of adults. --Kiplinger, Janet Bodnar
How Kids Can Learn Economics with a Legend: Economist Arthur Laffer might be best known for the Laffer Curve, a representation of the relationship between tax rates and tax revenue, but what he really wants you to know about today is how to explain economics to your kids. Not complicated theories like his curve, but basic concepts about trade-offs, supply and demand and incentives. That s why, together with writer Michelle Balconi, he wrote the recently published children s book, Let s Chat About Economics! Balconi proposed the book idea to Laffer after hearing Laffer speak about economic incentives at the Detroit Economic Club in late 2012. I was listening and I just really wanted my kids to be there. I said to my husband, We have to talk about this tonight, Balconi recalls. She did just that and then reached out to Laffer with her idea. With the help of her children, Balconi wrote the stories in the book and then sent it to Laffer for review. She puts it all in simple, common-sense terms that even I can understand, Laffer jokes. --US News, Kimberly Palmer
About the Author
Michelle Balconi is a writer and speaker focused on creating connections between children and adults through economics, democracy and immigration. Before writing, Michelle worked in communications for 15 years alongside technology investors introducing first-to-market products. Michelle lives in California with her husband and two children after growing up in Florida and living many years in Massachusetts and Michigan. When she is not writing, Michelle loves to travel and chat it up with nearly everyone she meets. Dr. Arthur Laffer is the founder and chairman of Laffer Associates, an economic research firm focusing on interconnecting macroeconomic, political and demographic changes. Dr. Laffer was a member of President Reagan's Economic Policy Advisory Board (1981 - 1989) and was noted in TIME magazine's 1999 cover story as "One of the Century's Greatest Minds." Dr. Laffer is well known for the Laffer Curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. He is a frequent cable news contributor and the author and co-author of many newspaper articles and books including Return to Prosperity and An Inquiry into the Nature and Causes of the Wealth of States. In addition to writing and speaking about economics, Dr. Laffer enjoys spending as much time as possible with his great grandchildren and 12 grandchildren on their family farm where they explore nature and raise animals of many types. Mary Kinsora is a children's book illustrator currently working in Chicago. Having graduated from the College for Creative Studies in Detroit with a bachelor's degree in illustration, she is currently working toward the creation of a new children's media company, and her own business in licensing products from her artwork. Mary is particularly interested in stories that are imaginative but help to educate and enrich children. In her free time, Mary enjoys hiking, drinking tea, spending time with her "gang of critters," and long chats with her grandmother.