Pawnonomics by Stephen Krupnik
A Tale of The Historical, Cultural, and Economic Significance of the Pawnbroking Industry

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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.

About Stephen Krupnik

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Stephen Krupnik has been a pawnbroker for over thirty years. He founded the Indiana Pawnbrokers Association and is a past president. He is a former board member of the National Pawnbrokers Association and in addition to numerous governmental affairs awards, he was presented the Association's coveted "Pawnbroker of the Year" award in 1999. He currently resides with his family in South Bend, Indiana, and is a business coach and consultant to various industries, including the pawn broking industry.
Published September 24, 2013 by BookSurge Publishing. 92 pages
Genres: Business & Economics.

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It’s true that some credit-card companies overcharge their customers, yet the comparison of borrowing from a pawn broker to repaying a home mortgage is unrealistic–the overall scale makes it merely an attention-grabbing academic exercise.

May 01 2009 | Read Full Review of Pawnonomics: A Tale of The Hi...

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