Synopses & Reviews
Cheap.
Cheap suit. Cheap date. Cheap shot. It's a dirty word, an epithet laden with negative meanings. It is also the story of Lauren Weber's life.
As a child, she resented her father for keeping the heat at 50 degrees through the frigid New England winters and rarely using his car's turn signals-to keep them from burning out. But as an adult, when she found herself walking 30 blocks to save $2 on subway fare, she realized she had turned into him.
In this lively treatise on the virtues of being cheap, Weber explores provocative questions about Americans' conflicted relationship with consumption and frugality. Why do we ridicule people who save money? Where's the boundary between thrift and miserliness? Is thrift a virtue or a vice during a recession? And was it common sense or obsessive-compulsive disorder that made her father ration the family's toilet paper?
In answering these questions, In Cheap We Trust offers a colorful ride through the history of frugality in the United States. Readers will learn the stories behind Ben Franklin and his famous maxims, Hetty Green (named the world's greatest miser by the Guinness Book of Records) and the stereotyping of Jewish and Chinese immigrants as cheap.
Weber also explores contemporary expressions and dilemmas of thrift. From Dumpster-diving to economist John Maynard Keynes's Paradox of Thrift to today's recession-driven enthusiasm for frugal living, In Cheap We Trust teases out the meanings of cheapness and examines the wisdom and pleasures of not spending every last penny.
Review
"Welcome reading for a newly frugal world." Kirkus Reviews
Review
"Weber manages, with panache, to combine a socioeconomic historical exploration that is readable and fun for the lay reader and a thoughtful defense of frugality that doesn't succumb to preachiness." Library Journal
Review
"What's the fine line between thrift and stinginess, self-control and compulsion, purpose and obsession? Lauren Weber's fresh take on the quirky side of saving and spending couldn't be timelier." Sylvia Nasar, author of A Beautiful Mind
Synopsis
From Dumpster-diving and the psychology of hoarding to Americans' thrifty responses to war and recession, In Cheap We Trust teases out the connotations behind the word cheap and explores the wisdom and pleasures of not spending every last penny.
Synopsis
What does it mean to be cheap? When is it mature to stow money away and when is it miserly, even Scrooge-like? And how might Americans navigate the economic downturn in an era when everything seems disposable and when credit has felt dangerously unlimited?
In answering these questions, IN CHEAP WE TRUST combines a consideration of cheapness as it relates to personality, lifestyle, and philosophy with a colorful ride through the history of thrift in America, from Ben Franklin and his famous maxims to Hetty Green, the 19th-century millionaire named by Guinness as "the world's most miserly person," to the branding of Jews, Chinese, and other ethnic groups as cheap in order to neutralize the economic competition they represented. Weber also explores contemporary expressions and dilemmas of thrift, from Dumpster-diving to Keynes's "Paradox of Thrift" to today's recession-driven enthusiasm for frugal living.
This is a book in the tradition of Mary Roach and Andrew Solomon--a compulsively readable, popular biography of thrift itself.
About the Author
Lauren Weber was formerly a staff reporter at
Reuters and
Newsday. She has also written for The
New York Times, The
Los Angeles Times,
American Banker, and other publications. A former resident at Yaddo, Lauren graduated from Wesleyan University and was a Knight-Bagehot fellow, a fellowship that invites 10 business journalists each year to study finance and economics at Columbia's Graduate School of Business.
Lauren grew up with a father whose creative and eccentric ways of saving money included rationing household toilet paper and developing a gas-saving method of driving in which light pedal taps substituted for full braking.