Crunch: Why Do I Feel So Squeezed? (and Other Unsolved Economic Mysteries) [NOOK Book]

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? Why does the stock market go up when employment declines? Should I give that homeless guy a buck? What’s a “living wage”? How much can presidents really affect economic outcomes? What does the Federal Reserve Bank really do? And even when some pundits say the economy’s sound, why do I still feel so squeezed?

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Crunch: Why Do I Feel So Squeezed? (and Other Unsolved Economic Mysteries)

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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? Why does the stock market go up when employment declines? Should I give that homeless guy a buck? What’s a “living wage”? How much can presidents really affect economic outcomes? What does the Federal Reserve Bank really do? And even when some pundits say the economy’s sound, why do I still feel so squeezed?

If you’d like some straight answers, premier economist Jared Bernstein is here to help. In Crunch he responds to dozens of questions he has fielded from working Americans, questions that directly relate to the bottom-line, dollars-and-cents concerns of real people. Chances are if there’s a stumper you’ve always wanted to ask an economist, it’s solved in this book.

Bernstein is fed up with “Darth Vaders with PhDs” who use their supposed expertise to intimidate average citizens and turn economics into a tool for the rich and powerful. In the pages of Crunch, Bernstein lays bare the dark secret of economics: it’s not an objective scientific discipline. It’s a set of decisions about the best way to organize our society to produce and distribute resources and opportunities. And we all can, and must, participate in these decisions. “America is a democracy,” he writes. “And in a democracy all of us, not just the elites and their scholarly shock troops, get to weigh in on biggies like this.”

To not weigh in, Bernstein insists, is a profoundly political act, one with damaging consequences. Our economy will be only as fair as we can make it. In this lively and irreverent tour through everyday economic mysteries, Bernstein helps us decode economic “analysis,” navigate through murky ethical quandaries, and make sound economicdecisions that reflect our deepest aspirations for ourselves, our families, and our country.
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Product Details

  • ISBN-13: 9781605095356
  • Publisher: Berrett-Koehler Publishers, Inc.
  • Publication date: 4/21/2008
  • Series: BK Currents (Hardcover)
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 288
  • File size: 3 MB

Meet the Author

Jared Bernstein is a senior economist and director of the Living Standards Program at the Economic Policy Institute in Washington, DC. He is the coauthor of the last seven editions of The State of Working America as well as The Benefits of Full Employment: When Markets Work for People. He writes a regular column for the American Prospect online, and his op-eds have appeared in the New York Times and the Washington Post.
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Customer Reviews

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Sort by: Showing all of 5 Customer Reviews
  • Anonymous

    Posted October 26, 2013

    Training and Hunting Grounds

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted February 27, 2012

    Blahhhhh blahhhhhh blahhhhh!!!!!!!!!!!!!!!!!!!!

    STUPID!

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  • Posted February 8, 2010

    more from this reviewer

    Why income in equality is growing in America

    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

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  • Anonymous

    Posted May 18, 2008

    It's the super-rich versus the rest of us!

    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).

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  • Anonymous

    Posted December 22, 2008

    No text was provided for this review.

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