BOOKS@WORK MONEY AND ECONOMICS: A LEARNING FRAMEWORK Navigating the World of Money and Economics As our economy has become increasingly more sophisticated, technological systems enable “cashless” transactions to replace traditional currency. In a culture that encourages and enables us to possess more goods so easily, how do we navigate the world of money successfully? The tension between spending today and saving for tomorrow - both nationally and personally - challenges us to investigate the role money plays in society as well as in our own lives. According to an old proverb, “If you want to feel rich, just count the things you have that money can’t buy.” We may nod our heads in acceptance of this idea, yet our society is preoccupied with money as a defining characteristic of success. Throughout history, writers and philosophers have explored the impact of wealth and money - or the lack thereof - on human nature. What is the connection between money and identity? Money and happiness? What is the difference between “self-worth” and “net-worth”? Working with stories and texts from diverse cultures, disciplines and time periods, readers explore the underpinnings of economics, while examining individual relationships with money. How do we define our financial responsibilities beyond ourselves and our families? How far does our relationship with money extend into the other realms of our lives? How much do the choices we make as individuals affect the broader world of economics and, in turn, how much does that world impact the choices we make? Does gender dictate the way we engage with money and wealth? An illustrative selection of readings that create diverse opportunities to explore service and its related issues follows on the next page. The selected books are intentionally quite broad and diverse; if Books@Work becomes an avenue for training or moralizing, it loses its ability to inspire and excite. For example, books that offer stories related to money ignite an open discussion of issues, conflicts and challenges; books that purport to present “how to spend or save” become instructive and potentially judgmental. What is Books@Work? Books@Work is a highly interactive program in which college professors work with front line employees to jointly explore and reflect upon broad themes in an enjoyable and engaging seminar. The sponsor of Books@Work, That Can Be Me, Inc., has developed a series of curricular learning frameworks focused on several popular themes, with the input and guidance of both employers and professors. These include, among others, Empathy, Justice, Courage, Service, Conflict and Money/Economics. The frameworks are merely guidelines, designed to raise a set of essential questions and suggest potential readings, both fiction and non-fiction. Each program will be tailored and unique, reflecting the needs, perspectives and interests of participants. THAT CAN BE ME BOOKS@WORK: LITERARY SELECTIONS ON MONEY AND ECONOMICS The selections listed below illustrate potential reading choices: the list is not exhaustive. To ensure the most engaging learning experience, final selections will be made by participating faculty with this framework as a guide. Literature, Poetry and Plays Arthur Miller, Death of a Salesman (1949) A man examines his life’s choices when confronted with the paths and futures of his children. Anthony Trollope, The Way We Live Now (1875) A novel that explores and exposes the commercial, financial, intellectual and moral dishonesty of Victorian England. John Steinbeck, The Grapes of Wrath (1939) Forced out of their Oklahoma farm by drought and changes in agriculture, the Joad family heads West for new opportunities. F. Scott Fitzgerald, The Great Gatsby (1925) A man uses wealth and grandeur to attract the woman of his dreams, without regard for the impact on others. Betty Smith, A Tree Grows in Brooklyn (1943) An Irish American family makes ends meet in the Williamsburg section of Brooklyn. Charles Dickens, A Christmas Carol (1843) A ghostly visit enables a miserly old man to transform his ethics and ideologies. Emile Zola, Germinal (1885) Charles Dickens, Little Dorrit (1856) A satire on the shortcomings of government with a focus on debtors’ prisons. Robert Louis Stevenson, The Bottle Imp (1891) A mysterious bottle bearing promises of riches also causes despair. The “curse” of wealth comes at a price. Philosophy, Non-fiction and Essays Terry Ryan, The Prizewinner of Defiance, Ohio (2001) A woman struggling to make ends meet supports her family winning television jingle contests. Frank McCourt, Angela’s Ashes (1960) A hard-working Irish-American woman supports her family with wit and grit. Barbara Ehrenreich, Nickel and Dimed: On (Not) Getting By in America (2002) An undercover journalist investigates the effects of the 1996 Welfare Reform Act on the working poor. Robert Heilbroner, The Worldly Philosophers (1931) Facing extreme poverty, miners protest worsening working conditions in a French mine and confront societal norms. The lives, journeys and ideas of history’s greatest economic philosophers. Tom Wolfe, The Bonfire of the Vanities (1987) Steven Levitt & Stephen Dubner, Freakonomics (2005) A novel of Wall Street in the 1980s where greed rules and self-control is elusive. Guy de Maupassant, The Necklace (1884) A young woman of modest means desires only finery and precious jewels. Edward Arlington Robinson, Richard Cory (1897) A wealthy, well admired man in a small town creates surprise when he takes his own life. O. Henry, The Gift of the Magi (1906) A tale of sacrifice and irony: a young husband and wife each put the other first in the face of extreme poverty. Fyodor Dostoyevsky, The Gambler (1867) Written to pay gambling debts, a novel about a tutor who succumbs to roulette to prove his love for a young woman. The mysteries of everyday life examined and explained through the lens of traditional economic theory. Milton Friedman, The Island of Stone Money (1991) An essay examining the curious currency of the Yap Islanders and its eerie similarity to our own monetary policy. Jack Weatherford, The History of Money (1997) A cultural anthropologist explores the history of money and its role in shaping human affairs throughout the ages. David Wolman, The End of Money (2012) A journalist explores the inner workings of money and the impact of a future cashless society. THAT CAN BE ME
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