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Pawnonomics: A Tale of The Historical, Cultural, and Economic Significance of the Pawnbroking Industry

 
 
Pawnonomics: A Tale of The Historical, Cultural, and Economic Significance of the Pawnbroking Industry
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Pawnonomics: A Tale of The Historical, Cultural, and Economic Significance of the Pawnbroking Industry

Pawnonomics by Stephen Krupnik tells the rich and notorious history of the pawn broking industry and sheds new light on this venerable and still relevant financial institution. Five thousand years of history, much of it shrouded in misinformation, have supported the claim that the pawn broking industry is the second oldest profession. Krupnik explores common myths and misconceptions about pawn broking and explains in lay-terms the innermost workings and machinery of the industry, so that readers can appreciate its complexity and its value. He also delves into the sometimes-deserved dark reputation of pawn broking, speculating on how the business of usury can sometimes be its own worst enemy. Told from an insider’s perspective, Pawnonomics busts old ideas and builds new bridges of understanding for this much maligned and misunderstood tradition. Through masterful prose and a dash of humor, Stephen Krupnik has written a book that will both educate and entertain.

SKU: 

1439225737

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Product Details:
Author: Stephen Krupnik
Paperback: 92 pages
Publisher: BookSurge Publishing
Publication Date: May 07, 2009
Language: English
ISBN: 1439225737
Product Width: 1.5 centimeters
Product Height: 2.18 centimeters
Product Weight: 0.01 pounds
Package Length: 8.8 inches
Package Width: 5.9 inches
Package Height: 0.2 inches
Package Weight: 0.4 pounds
Average Customer Rating: based on 10 reviews
 
 

Customer Reviews:
Average Customer Review:4.0 ( 10 customer reviews )
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Most Helpful Customer Reviews

1 of 1 found the following review helpful:

1biased, biased, biased. and preachy.  Sep 21, 2010
By A. Butler
The author is a pawnbroker, and the book lacks any semblance of objectivity. The writing quality is poor, with the author going off on preachy tangents regularly. I couldn't bear to read the whole thing. Waste of time and paper. Pity, the description had sounded like just what I wanted, too.

5 of 7 found the following review helpful:

5Guaranteed to Raise Your Blood Pressure (and make you laugh, too)  Jun 11, 2009
By Allyson M. Saad
If you're pissed off with politicians handing out OUR money like candy on Halloween to Wall Street, read this.

If you're sick of your bank acting like the friendly neighborhood grocer but then strongarming you with fees you have no control over, then read this.

If you're wondering how all the sharks in three piece suits who created ponzi schemes while looking down their noses at the rest of us actually working for a living are mostly still living in their penthouse suites, then read this.

If you've grown up thinking that pawn shops are only for those desperate enough to give up their first born, even while credit card companies charge "respectable" people loan sharking rates, then read this.

This book reveals another example of how perception of an industry is mostly controlled by the political and monied classes (and religious authorities too). By questioning our assumptions and giving detailed comparisons, it gives you an understanding of how lending really works - and just might give you a new appreciation of the pawnbroking industry as one of the most transparent, fairest players in the financial world.

5A Must Read for anyone involved in or interested in Pawnbroking  Jan 18, 2012
By Pawnman
Steve Krmpnik is the leading authority on any thing pawn related. This book is an excellent read for anyone who has anything to do with the pawn industry or has any interest. Is it slanted in a favorable way towards pawnbroking as one review said? Absolutely! Steve is a retired pawnbroker, what would you expect. Pawnbrokers have been portrayed unfairly by almost all the media outlets, its about time someone stands up and states the truth.

2Some good general info...mostly tangents.  Apr 01, 2010
By Mr. Huzzah "Hazza"
I had high hopes for this book, however it seems that the author is more concerned with pop culture references and the issues of other industries as opposed to focusing on the pawn industry. As a reader you would be wrong in assuming that this book passed along any great knowledge of pawn shops, so if you are looking for a book without focus...this book is for you!

1 of 2 found the following review helpful:

5Pawnbrokers grow the economy in legitimate ways.  Mar 27, 2010
By Poppy J.

This book is refreshing and fun to read. It highlights a chronological progression of the beginning of pawnbroking and what the industry is really all about. Most people have an idea what pawnbroking entails - and their perceptions are usually wrong! Pawnbrokers provide a significant service to the community. They are picky and selective on the types of merchandise they choose to accept. And there are many good deals to be had if people get over the stereotypes and go into the stores to check out the merchandise available for sale.

Pawnbroking and lending money date back to before biblical times. As an industry, pawnbroking offers an opportunity for low end borrowers to get the money they require, and does provide an all important service in the community. Pawnbrokers are money changers, and they exist in most countries in the world. They are even in areas where they are otherwise unexpected - there are upscale pawnbrokers who loan upwards of tens of thousands of dollars when the collateral justifies it. Pawnbrokers state their fees and terms up front and the contracts are always on a basis that the customer can "take it or leave it" at any time.

The book makes several points that the reader may find it hard to argue with. Pawnbrokers are known to charge usurious fees, but are they any different than the over charges and blatantly unfair fees charged by credit card companies? Are pawnbrokers less at risk that the person who takes the loan will never return to claim an item that has lost is value in an ever changing economic market?

The book uses pictures and charts (some full color) to shed light on the industry and will ultimately change a person's mind about the legitimacy of pawnbroking.


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