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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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