What Happened to the Penny Candy?

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.

What about Penny Candy?

The penny in the name penny candy refers to the fact originally the pricing was approximately a penny per piece though much of the candy was sold in bulk by the pound rather than the piece. The first individually wrapped and sold Penny Candy came with the 1896 introduction of the Tootsie Roll.

What are Uncle Eric books?

Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments1989
Richard J. Maybury/Books

When was candy a penny?

1896
While candy goes back 5,000 years, Penny Candy made its debut sometime circa 1896 with the Tootsie Roll at Woolworth’s Five and Dime. Of course, the popularity of the Tootsie Roll inspired Woolworth’s to expand into an entire Penny Candy Aisle.

What do you learn in Whatever Happened to penny candy?

Written in Maybury’s trademark Uncle Eric “letter” format, students will learn about recession, money, inflation, boom & bust cycles, government spending, Gresham’s Law, and more. Common-sense arguments and down-to-earth explanations create a thorough look at money that’s understandable for all.

How does uncle Eric explain economics in penny candy?

Penny Candy begins by talking about economics where it touches us most—continuing increases in the cost of things. Uncle Eric explains the economic facts of life simply, adding interesting historical tidbits along the way. Doses of economic theory in each letter are just enough to prod thinking without overload.

What happens to penny candy in the 7th edition?

This revised 7th edition now includes updates on runaway inflation, nationals, and legal systems, along with minor updates to reflect current numbers, statistics, dates, data, graphs, charts, and back matter. It also includes a new explanation on how human emotions like fear can affect the economy.