Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries) / Edition 1

Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries) / Edition 1

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by Jared Bernstein
     
 

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ISBN-10: 1576754774

ISBN-13: 9781576754771

Pub. Date: 04/01/2008

Publisher: Berrett-Koehler Publishers, Inc.

Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? How much can presidents really affect economic outcomes? Why does the stock market go up when employment declines? What's a "living wage?" Why do I feel so squeezed?

If you'd like to know the answers to these questions,

Overview

Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? How much can presidents really affect economic outcomes? Why does the stock market go up when employment declines? What's a "living wage?" Why do I feel so squeezed?

If you'd like to know the answers to these questions, premier economist Jared Bernstein is here to help. In "Crunch" he answers these as well as dozens of others he has fielded from working Americans by email, on blogs, and at events where he speaks. Chances are if there's a stumper you've always wanted to ask an economist, it's solved in this book.

Product Details

ISBN-13:
9781576754771
Publisher:
Berrett-Koehler Publishers, Inc.
Publication date:
04/01/2008
Series:
BK Currents (Hardcover) Series
Edition description:
New Edition
Pages:
225
Sales rank:
1,169,403
Product dimensions:
6.32(w) x 9.44(h) x 0.84(d)

Table of Contents

Preface     iv
Introduction: So What Is Economics, Anyway?     1
The Big Squeeze
Why Do I Feel So Squeezed?     6
Econ-Noir     12
All Is Not As It Appears: Measuring Economic Outcomes     16
Whatever Happened to the Cleavers?     20
The Health Care Squeeze     25
The Medical Industrial Complex     29
Health Care Reform     34
Poverty Amid Plenty: The Whats     38
Poverty Amid Plenty: The Whys     41
Brother, Can You Spare a Dime?     44
The ABCs of Worker Pay     47
What's So Bad About Inequality?     50
All Education, All the Time     54
Don't Know Much About GDP
Gross Domestic Product     61
Unemployment: Wall Street vs. Main Street     64
Underemployment     68
Making Better Doughnuts     71
Inflation     74
What's a Recession?     77
Blowing Bubbles     83
The Night of the Living Wage (and Other Scary Stories)     87
Your Textbook Got It Wrong     91
Political Economy 202
Social Insecurity     99
Economists in Chief     104
The Fed     109
The Budget Deficit (Part 1)     114
The Budget Deficit (Part 2, in Which a Nobelist Agrees with Me     118
The Economy and the Military     121
Guns or Butter     124
A New WPA?     128
"Please Remain on the Line"     130
The World Ain't Flat As All That
What's Right and Wrong About Globalization?     135
Outsourcing     141
The Conscience of a Shopper     144
World Trade     148
Globalization and Greed     151
How the Capitalists Killed Capitalism     152
Undocumented Workers     154
The Not-So-Great Immigration Debate     156
What's So Bad About a Labor Shortage?     159
The Mighty Dollar     161
Can Economists Save the Planet?     164
The Reconnection Agenda
Easing the Squeeze     169
Health Care     173
Immigration     178
Education     180
Globalization     183
What's Left?     186
Conclusion: The Lesson of the Rink     191
Notes     199
Acknowledgments     219
Index     221
About the Author     226

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Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries) 4.2 out of 5 based on 0 ratings. 5 reviews.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
STUPID!
RolfDobelli More than 1 year ago
At last someone has written a lucid explanation of the American middle class's financial stagnation. Economist Jared Bernstein - chief economic adviser to Vice President Joseph Biden - provides a tremendous service to millions of Americans who wonder why so many two-income households remain financially insecure. Bernstein understands that most economics writing is impenetrable. He explains in lively prose why financial inequality is alive and well in 21st-century America. It's an issue the mainstream media rarely covers. The book is structured around the gimmick of answering American's most common questions about economics, and some of the miniessays don't connect, but getAbstract recommends it to working people who want to know why they are entrenched in the proverbial rat race despite political promises that they are on the verge of financial security - a state, Bernstein emphasizes, that will remain elusive for most Americans. To learn more about this book, check out the following Web page: http://www.getabstract.com/summary/11597/crunch.html
Anonymous More than 1 year ago
Guest More than 1 year ago
This is a fabulous, humorous book. Jared's approach allows readers to see things they never really saw before. I highly recommend this book, but I also warn that it may depress many readers. I recommend that in addition to Crunch, readers should look into books that teach them how to compete with the rich at their own game (rather than feeling sorry for themselves).