In the spirit of Wendy Mogel's The Blessing of a Skinned Knee and Po Bronson and Ashley Merryman's Nurture Shock, New York Times -Your Money- columnist Ron Lieber delivers a taboo-shattering manifesto that explains how talking openly to children about money can help parents raise modest, patient, grounded young adults who are financially wise beyond their years.

For Ron Lieber, a personal finance columnist and father, good parenting means talking about money with our kids. Children are hyper-aware of money, and they have scores of questions about its nuances. But...