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Children's LiteratureHow very exciting! Here is a book that is part of the series "How Economics Works" and actually explains budgeting in a very reader-friendly way. There are five chapters covered in only 35 pages and all the chapters are filled with photographs, drawings, and easy-to-follow text. The author starts out by explaining why a person should care about economics and then takes the reader through the process of understanding how economics works, how it helps countries to prevent depressions, and how it can help all individuals. Trivia facts can also be found throughout the book. Did you know that Adam Smith, a Scottish philosopher and economist, is known for being the founder of modern economics? The reader will also learn that "Alan Greenspan has been one of the most important people in the world, because what he says about the economy influenced economic decisions around the globe." The information is written in a way that children can see how economics is actually already a part of their lives. For example, children are often skilled at the art of bartering which is a very old economic system. Readers will learn about supply and demand and how competition affects prices. Once children start receiving an allowance for their completed chores or receiving money for birthdays and holidays, this book should become a part of their lives. Not only does the information provide an excellent lesson in responsibility, but it also provides a way of handling money that can follow them into adulthood. At the end of the book, the reader will find a glossary, bibliography, websites, a list of places to visit, and activities. I highly recommend this book. 2006, Lerner Publications, Ages 9 to 12.
—Kathie M. Josephs