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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) Paperback – May 1, 2010

by Richard J. Maybury (Author), Jane A. Williams (Editor)

4.6 208 ratings

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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)
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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 the late William Simon, former U.S. Treasury Secretary. It 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?"

Acknowledgements
Beyond the Basics
Author's Disclosure
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
Big Mac Index
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
What Happened in 2008?
The Unknown Shakeout
14. Where Do We Go From Here?
15. Natural Law and Economic Prosperity
Nations and Legal Systems

Appendix

Excerpt from The Long Winter
Sutter's Fort Trade Store Sign
Comparison of Law Chart
Distilled Wisdom
The Truth About Inflation
The Oil Myth
Measures of Money Supply
Supply of Dollars Chart
Real Wages
Real Wages Chart
How to Invest in Gold and Silver
Resources
Movies and Documentaries
Internet Addresses
Financial Newsletters
Bibliography and Recommended Reading
Glossary

Index
About Richard J. Maybury
Bluestocking Press

Books for Further Study (also available through Amazon)
"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?" 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."

Print length

159 pages
Language

English
Publisher

Bluestocking Pr
Publication date

May 1, 2010
Grade level

8 - 4
Reading age

13 years and up
Dimensions

5.5 x 0.5 x 8.25 inches
ISBN-10

0942617622
ISBN-13

978-0942617627
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Editorial Reviews

Review

"Maybury's forte is explaining economics in an interesting, logical, and easy-to-understand manner no small achievement in economics pedagogy. Equally important, the economics in 'Whatever Happened to Penny Candy' makes such good sense. When government's economic policies make us say 'uncle,' let's hope it's 'Uncle Eric,' Maybury's letterwriter and alter ego." --John G. Murphy, Ph.D., President, National Schools Committee for Economic Education (commenting about a prior edition)

"This book is must reading for children of all ages. Its presentation of some of the fundamentals of economics is lucid, accurate, and above all highly readable." --Michael A. Walker, Executive Director, The Fraser Institute, British Columbia, Canada (commenting about a prior edition)

"This one slim volume can and should replace at least one full shelf of weighty tomes. There's really no excuse for being baffled by economic theory and economic theoreticians when you can spend an evening with this grand book and learn the ABC's of a subject about which the politicians, in particular, wish you'd stay illiterate." --Karl Hess, Author, "Capitalism for Kids" (commenting about a prior edition)

"This book is must reading for children of all ages. Its presentation of some of the fundamentals of economics is lucid, accurate, and above all highly readable." --Michael A. Walker, Executive Director, The Fraser Institute, British Columbia, Canada (commenting about a prior edition)

"This one slim volume can and should replace at least one full shelf of weighty tomes. There's really no excuse for being baffled by economic theory and economic theoreticians when you can spend an evening with this grand book and learn the ABC's of a subject about which the politicians, in particular, wish you'd stay illiterate." --Karl Hess, Author, "Capitalism for Kids" (commenting about a prior edition)

"This book is must reading for children of all ages. Its presentation of some of the fundamentals of economics is lucid, accurate, and above all highly readable." --Michael A. Walker, Executive Director, The Fraser Institute, British Columbia, Canada (commenting about a prior edition)

"This one slim volume can and should replace at least one full shelf of weighty tomes. There's really no excuse for being baffled by economic theory and economic theoreticians when you can spend an evening with this grand book and learn the ABC's of a subject about which the politicians, in particular, wish you'd stay illiterate." --Karl Hess, Author, "Capitalism for Kids" (commenting about a prior edition)

About the Author

Richard Maybury, also known as Uncle Eric, is a world renowned author, lecturer, and geopolitical analyst. He consults with business firms in the U.S. and Europe. Mr. Maybury is the former Global Affairs editor of "Moneyworld" and widely regarded as one of the finest free-market writers in America. Mr. Maybury's articles have appeared in "The Wall Street Journal", "USA Today", and other major publications. He has penned eleven books in the Uncle Eric series. His books have been endorsed by top business leaders, including former U.S. Treasury Secretary William Simon, and he has been interviewed on more than 250 radio and TV shows across America.

Product details

Publisher ‏ : ‎ Bluestocking Pr; 6th edition (May 1, 2010)
Language ‏ : ‎ English
Paperback ‏ : ‎ 159 pages
ISBN-10 ‏ : ‎ 0942617622
ISBN-13 ‏ : ‎ 978-0942617627
Reading age ‏ : ‎ 13 years and up
Grade level ‏ : ‎ 8 - 4
Item Weight ‏ : ‎ 7.2 ounces
Dimensions ‏ : ‎ 5.5 x 0.5 x 8.25 inches

Best Sellers Rank: #294,499 in Books (See Top 100 in Books)
- #282 in Theory of Economics
- #1,412 in Teen & Young Adult Education & Reference

Customer Reviews:
4.6 208 ratings

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Rick Maybury

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Richard Maybury, also known as Uncle Eric, is a world renowned author, lecturer, and geopolitical analyst. He consults with business firms in the U.S. and Europe. Mr. Maybury is the former Global Affairs editor of "Moneyworld" and widely regarded as one of the finest free-market writers in America. Mr. Maybury's articles have appeared in "The Wall Street Journal", "USA Today", and other major publications. He has penned eleven books in the Uncle Eric series. His books have been endorsed by top business leaders, including former U.S. Treasury Secretary William Simon, and he has been interviewed on more than 250 radio and TV shows across America.

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Prohobo

Easy and great read

Reviewed in the United States on December 21, 2012

Verified Purchase

I just received this book today and just finished it. I purchased this book to help my son (8 years old) to begin to understand the value of money and economic systems. As an amateur economist and also a financial professional, this is an excellent, simple, and easy to understand book about the basics of money and the laws of supply and demand, which - regardless if we like it or not - drive our economic engine. It has, does, and always will, even if our politicians (and in many cases with the best of intentions) wish to control through price fixing, interest rates, and money supply to help avoid the bursts and bubbles. Unfortunately the over-meddling by our government/s only exacerbates the problem. There is a fine line between regulating and legislation vs. intervention, I would argue (and I believe this book articulates) that the line has blurred and that our government/s have moved into the dangerous realm of intervention that has plagued many civilizations over history.

Socialism gives rise under economic stress and also with the best of intentions to help the people and businesses that are struggling. We have breed an entitlement generation, in which people have grown up to believe that everyone is a winner, failure is NOT an option, and that we are entitled to jobs, healthcare, homes, and the American Dream. We are not entitled to anything, but rather have the RIGHT to pursue our dreams.

A fun, but excellent quote, by Spock (from Star Trek) right before he gives his life to save the crew is so important and valid as to the problems that plague our government. "Logic clearly dictates that the needs of the many outweigh the needs of the few." Yet our own government has ignored this very important point and we have sacrificed the many (through higher taxes and the lapse of many of our personal freedoms) to save the few (unions, special interest, and corporations). If we continue on the path to serve the few and the expense of the many, we will continue not only see our currency devalue (inflate), but also our liberties to erode.

This is an excellent and simple book of common sense, but sometimes even knowledgeable and wise adults forget the simple and over complicate issues.
This should be recommended reading for every school kid.

"All paper money returns to its intrinsic value....zero!" - Voltaire

4 people found this helpful

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Henry and Janine

Good book on basic economics - worth buy

Reviewed in the United States on November 8, 2007

Verified Purchase

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.

15 people found this helpful

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J. P. Ledbetter

Number two in a nine book series that every student needs!

Reviewed in the United States on December 29, 2002

Verified Purchase

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.

50 people found this helpful

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Laura Quave

A great basic introduction to economics for jr. high or high school students

Reviewed in the United States on July 26, 2011

Verified Purchase

The author of the book speaks directly to the reader in a very conversational style that is easy to follow and easy to digest. The material is explained clearly enough for an interested jr. high student to understand, or for any average high school student to follow, but without watering down the information. If your middle schooler asks for information on economics, and you're not able to explain it yourself--this book will probably tell them all they want to know. If not, then they will enjoy reading other Uncle Eric books such as Clipper Ship Strategy. If your high schooler needs a jump start to get started studying economics, this is an excellent way to get started. There's nothing scary about this book--Maybury has a talent for teaching "scary, hard" subjects to children in a non-threatening way, and this book is one of his best. With this book under their belt as a primer, high school students should have no fears going into a serious study of economics since they will already have a foundational overview to build on.

5 people found this helpful

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Top reviews from other countries

Shawn Simpson

No More Penny Candy

Reviewed in Canada on December 10, 2017

Verified Purchase

Great read, would recommend for anyone looking to educate themselves on basic economics.

robin brown

Should be mandatory reading for teens.

Reviewed in Canada on December 7, 2015

Verified Purchase

Excellent. Some of the context is dated, but the message comes through just as clearly and kept its relevance. Get it for your kids.

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