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In CHEAP We Trust: The Story of a Misunderstood American Virtue by Lauren Weber
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In CHEAP We Trust: The Story of a Misunderstood American Virtue

by Lauren Weber

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271217,516 (4.13)4
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Little, Brown and Company (2009), Hardcover, 320 pages

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Collections:KindleRating:*****
Tags:Science, History
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Cheap is the new black.

Actually, Lauren Weber’s words are “Cheap is the new green,” in her hopeful nod to ecology as the prompt that might finally make frugality sexy in America. Because nothing else has much tempered its persistent unpopularity and negative connotations with miserliness, self-denial and unworthiness.

To be clear, it’s primarily frugality and thrift that Weber explores here (as in the economical use of resources … living simply and mindfully, without waste), and cheapness (as in consuming inexpensively) to a lesser degree. In a journalist’s voice, she writes about the history of thrift and spending from the Puritans and Quakers to Emerson and Thoreau; from wartime rationing to the expanded postwar industrial capacity that spurred consumerism; from the origin of savings banks, through the growth and decline of home economics, to the Depression and today's financial crisis.

She also explores economics, sociology and a number of competing tensions. For example, is it good citizenship to demonstrate personal responsibility through personal savings, or better to support the national (even global) economy by spending? If you do spend, should it be on “productive” (essential) goods with their long-term economic benefit and not on “consumptive” (luxury) goods? Do your personal gains from ultra-inexpensive imported goods outweigh their high political and environmental costs? And what about advertising, forced obsolescence, ego gratification and keeping up with the Joneses?

Readers with any level of interest in frugality will find themselves repeating the WWII mantra, “Use it up, wear it out, make it do or do without,” and will see themselves described in this book -- somewhere along Weber’s continuum from Dumpster-diving freegans to folks who simply believe that less is more. ( )
  detailmuse | Sep 11, 2009 |
There’s a lot to like about the book. Weber presents an engaging, if slightly overextended, history of America’s complicated relationship with spending.
 
[Weber] works hard not to moralize (humor is always the best antidote to preachiness) and introduces some fantastic characters along the way, for example, Hetty Green, listed in the Guinness Book of World Records as the "world's greatest miser."
 
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Amazon.com Product Description (ISBN 0316030287, Hardcover)

What does it mean to be cheap? When is stowing money away wise, and when is it miserly? How might American interpret the economic downturn after years of indulgence and over-spending?

To answer these questions, IN CHEAP WE TRUST considers our hot-and-cold relationship with thrift and offers a colorful ride through its history in America, from Ben Franklin and his famous maxims to the branding of Jews and the Chinese as cheap in order to neutralize the economic competition they represented. From Dumpster-diving and the psychology of hoarding to Americans' thrifty responses to war and recession, IN CHEAP WE TRUST teases out the meanings of the word "cheap" and explores the wisdom, virtues, and pleasures of not spending every last penny, all the while sparkling with smart, engaging writing that's well worth another precious asset-time!

(retrieved from Amazon Fri, 03 Jul 2009 15:21:47 -0400)

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