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Hello.

Now of course all of us liberal-minded parents can only applaud the recent United Nations report

which recommends that the UK put an end to corporal punishment in all settings, even if from time to time the behavior of our own

children inclines us not so much to a smart slap as summary execution.

Now I can remember my old radio colleague Robert Robinson once

I mean how proud he'd felt at developing a novel solution to

childish indisibil. He told his brood that from now on they'd be fined on a sliding scale for their

misdemeanors and the fines subtracted from their weekly pocket money.

Well all went well for a short time. Behavior actually improved. But then as the finds mounted a certain hysteria began to take over.

Instead of avoiding deeds which incurred penalties, the children turned the entire regime into a game.

They positively celebrated their delinquency

daddy I've left muddy footprints in the kitchen find me find me

daddy daddy take tuppence off me I've not done my homework. It seemed, as Bob complained, that children

lacked a properly adult sense of the value of money. Well, that sense of monetary value

among children is one of the central elements of a new piece of research

published in the journal Children and Society under the intriguing title giving, saving, spending,

what would children do with a million pounds?

Well, it's co-authorauthor Sally Power, professor in the Wales

Institute of Social Science at Cardiff University, now joins me in the studio.

Sally, before we just talk about your research, let's's here is a clip which we found of some

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