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Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries) [Hardcover]

Jared Bernstein
4.4 out of 5 stars  See all reviews (19 customer reviews)

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Book Description

April 1, 2008
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.


Frequently Bought Together

Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries) + The Spirit Level: Why Greater Equality Makes Societies Stronger
Price for both: $31.86

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Editorial Reviews

From Publishers Weekly

Starred Review. According to economist and author Bernstein (All Together Now: Common Sense for a Fair Economy), the endless parade of economic legislation and corporate criminality that keep the rich getting richer are all a direct product of economic knowledge being monopolized and manipulated by the rich, keeping the middle and lower classes woefully unprepared to understand, much less stand up to, the economic forces aligned against them. Fortunately, this accessible overview should clear things up for even the most befogged reader. Answering questions from an average American perspective-"the ones in the vise grip of the crunch"-Bernstein explains murky topics like health care reform, minimum wage laws, the Federal Reserve, immigration and budget deficits with a clear, friendly manner that sidesteps any scholarly (and/or sinister) obfuscation. His progressive "we're all in this togther" philosophy, though seemingly familiar, is backed up with enough data and savvy to illuminate what's wrong in the dominant "self-reliance" narrative of American political discourse. This down-to-earth, populist guide to the pressing economic issues of our time is a clarifying, useful and empowering resource.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

No mere populist rant, Crunch is organized as a broad primer on U.S. economics that uses inequality as a starting point for understanding this wider subject. Bernstein's concise explanations of issues like unemployment and health care expenses are meaty and engaging, offering laypeople tangible insight into how the economy functions and what it takes to ensure that those who make it work also share its rewards. -- Utne, Book Review, May-June 2008

Product Details

  • Hardcover: 225 pages
  • Publisher: Berrett-Koehler Publishers; 1st edition (April 1, 2008)
  • Language: English
  • ISBN-10: 1576754774
  • ISBN-13: 978-1576754771
  • Product Dimensions: 6.5 x 0.9 x 9.5 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (19 customer reviews)
  • Amazon Best Sellers Rank: #943,977 in Books (See Top 100 in Books)

More About the Author

The goal of my work is to help build a much more equitable economy in this country. As a DC-based economist in the heart of the national debate, I've watched this goal take a beating by an evolving philosophy I call YOYO ("you're on your own") economics.

In contrast, I propose a WITT ("we're in this together") agenda which aims to revitatlize a much more optimistic set of options to meet the challenges we face.

I've tried to tell this story in plain language in all that I do and I hope it resonates with you.

Customer Reviews

Jared Bernstein can and did in his book Crunch. old timer  |  8 reviewers made a similar statement
I also appreciate this author's wit and humor. Jeevan  |  6 reviewers made a similar statement
And that tells us a lot about this book. Kenneth D. Gartrell  |  3 reviewers made a similar statement
Most Helpful Customer Reviews
15 of 15 people found the following review helpful
Format:Hardcover
Having long ago forgotten my college economics, I've been trying to make sense of the current talk of recession and the various stimulus proposals put out by politicians. Something about the viewpoint expressed by cable news pundits and economic leaders hasn't added up for me, but I couldn't articulate why. Jared Bernstein can and did in his book Crunch. In clear language, he explains how the current squeeze happened and gives the tools for evaluating how various issues--social security, globalization, immigration, and more--affect my pocketbook and what would move us towards, or away from, a fair society.
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16 of 17 people found the following review helpful
5.0 out of 5 stars Clear and Powerful March 31, 2008
Format:Hardcover
Finally - a book about the economy for non-economists! Jared Bernstein's clear and compelling approach to economic mysteries is a breath of fresh air amidst an atmosphere stagnant with jargon and so-called experts convoluting the issues. Crunch takes the spin out of statistics and explains what all those numbers really mean - and how politicians and the media can use (and misuse) them for political purposes.

The book is structured around the author's answers to real questions from real people, which I greatly appreciated, having asked many of those questions myself and never before received a satisfactory answer. Crunch is truly inspirational - not only do we all have the ability to understand complex economic principles, but we have the power to see through media hype and make our own decisions about the best policies to get our flailing economy back on track.
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13 of 14 people found the following review helpful
5.0 out of 5 stars Knowledge is Power April 30, 2008
Format:Hardcover
Went to see Jared Bernstein speak last Saturday and left feeling surprisingly uplifted despite the doom-and-gloom economic analysis. Being a member of the middle class myself, I can fully endorse his description of the "crunch" and I am already a firm believer that wealth distribution is a core problem in our society -so I wasn't expecting more than an endorsement of what I already believe. However, I came away feeling energized by his organizing theme that with knowledge we can "rechannel the power of economic analysis back to the service of those who need it most: the ones in the vise grip of the crunch." He has a great command of the telling economic detail & certainly gave me fact-fodder for a dozen arguments with 'fiscally conservative' relatives - but I found his interweaving of economic and policy ideas to be particularly compelling. Plus, his enthusiasm for his subject and his sincerity are infectious - so I bought the book. It hasn't disappointed. A well-written, easy to digest analysis with compelling arguments on every page. I'm ready to "rechannel the power."
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Most Recent Customer Reviews
3.0 out of 5 stars Wriiten in 2007 but still OK
I don't know much about economics, but hope to learn more, thus listening to the Crunch CDs.
I am caught by the seeming contradictions that Bernstein throws out. Read more
Published 16 months ago by J. Spurway
5.0 out of 5 stars Why income inequality is growing in America
At last someone has written a lucid explanation of the American middle class's financial stagnation. Read more
Published on February 7, 2010 by Rolf Dobelli
5.0 out of 5 stars Economic analysis for everyone
This is a fantastic book. It is written for a layperson audience - an aim towards which it is extremely successful. Read more
Published on May 5, 2009 by Hans G. Despain
1.0 out of 5 stars Should be on the worst book list -- Scary and dangerous book
If I believed in book burning--this would be on the top of the heap!

I listened to this book on CD. Read more
Published on April 4, 2009 by EA123
5.0 out of 5 stars Good introduction to way the economy works in favor of the few
For people who know little about economics, this is a useful introduction written in clear, simple language. Read more
Published on March 14, 2009 by Alan A. Elsner
2.0 out of 5 stars Lame!
The "bad news" about "Crunch" is that it is a collection of poorly thought out, sometimes inconsistent, economic ideas. The worse news is that the author, Jared Bernstein, is V.P. Read more
Published on March 10, 2009 by Loyd E. Eskildson
4.0 out of 5 stars Debating Dad - We are Crunched but is the world improving?
My Dad and I have been having this running debate about the direction the world is going. I say better, he says worse, and we never seem to come to any consensus. Read more
Published on September 10, 2008 by Joshua Kim
5.0 out of 5 stars Sociology is Not Economics
Let's start by understanding that Dr. Bernstein is not an economist. His Ph.D. is actually in the area of Social Welfare. And that tells us a lot about this book. Read more
Published on September 7, 2008 by Kenneth D. Gartrell
4.0 out of 5 stars Good Counterpoint to the Neo-Con Side but not Fully Convincing
I tend to side with free market economists on many issues, but I am always open to convincing arguments against that thinking. For me, Bernstein almost gets there. Read more
Published on September 5, 2008 by bronx book nerd
5.0 out of 5 stars Ecoomic Realities 101
I would recommend this book to anyone who wants to understand the facts behind the newspaper headlines. Bernstein doesn't bother with dry theories. Read more
Published on August 9, 2008 by Dr Cathy Goodwin
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