Economics and ethics in a children’s book
Sheila C. Bair, who chairs the US Federal Deposit Insurance Corporation (FDIC), has another string to her bow: she’s the author of Isabel’s car wash, a children’s book in which little Isabel borrows money and washes cars so she can buy a doll.
It’s not every day you see a children’s book taken apart for its assumptions about consumer behaviour and the private sector, but that’s just what reviewer Glenn Fleishman does, with tongue somewhat in cheek. Fleishman seems exasperated that plenty of adults’ understanding of money and markets is no more sophisticated than Isabel’s Car Wash, and that some of those adults have responsible jobs.
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November 26th, 2010 at 10:23 am
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