Piece of the Action

Winner of the Helen Bernstein Award for Excellence in JournalismOne of Business Weeks Ten Best Business Books of the YearWhen it was published in 1994, A Piece of the Action was wildly acclaimed by Fortune, The Wall Street Journal, authors Michael Lewis and Brian Burroughs; it won the Helen Bernstein Prize and was a national bestseller. Joseph Nocera describes the historical process by which millions of middle class Americans went from being saverspeople who kept their money in the bank, and spent it frugallyto being unrepentant borrowers and investors. A Piece of the Action is an important piece of financial and social history, and with a new introduction, Noceras 2013 critique of the uses of the revolution is a powerful warning and admonition to understand what is at stake before we act, to look before we jump.