Cheap

The High Cost of Discount Culture

By Ellen Ruppel Shell
(Penguin Press HC, The, Hardcover, 9781594202155, 320pp.)

Publication Date: July 2, 2009

Other Editions of This Title: Paperback, Compact Disc, Compact Disc, MP3 CD, Paperback

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Description

An Atlantic correspondent uncovers the true cost-in economic, political, and psychic terms-of our penchant for making and buying things as cheaply as possible

From the shuttered factories of the rust belt to the look-alike strip malls of the sun belt-and almost everywhere in between-America has been transformed by its relentless fixation on low price. This pervasive yet little examined obsession is arguably the most powerful and devastating market force of our time-the engine of globalization, outsourcing, planned obsolescence, and economic instability in an increasingly unsettled world.

Low price is so alluring that we may have forgotten how thoroughly we once distrusted it. Ellen Ruppel Shell traces the birth of the bargain as we know it from the Industrial Revolution to the assembly line and beyond, homing in on a number of colorful characters, such as Gene Verkauf (his name is Yiddish for "to sell"), founder of E. J. Korvette, the discount chain that helped wean customers off traditional notions of value. The rise of the chain store in post-Depression America led to the extolling of convenience over quality, and big-box retailers completed the reeducation of the American consumer by making them prize low price in the way they once prized durability and craftsmanship.

The effects of this insidious perceptual shift are vast: a blighted landscape, escalating debt (both personal and national), stagnating incomes, fraying communities, and a host of other socioeconomic ills. That's a long list of charges, and it runs counter to orthodox economics which argues that low price powers productivity by stimulating a brisk free market. But Shell marshals evidence from a wide range of fields-history, sociology, marketing, psychology, even economics itself-to upend the conventional wisdom. Cheap also unveils the fascinating and unsettling illogic that underpins our bargain-hunting reflex and explains how our deep-rooted need for bargains colors every aspect of our psyches and social lives. In this myth-shattering, closely reasoned, and exhaustively reported investigation, Shell exposes the astronomically high cost of cheap.




About the Author

Ellen Ruppel Shell is a correspondent for the Atlantic Monthly, and has written for The New York Times Magazine, The Washington Post, National Geographic, Time, Discover, Seed, and dozens of other national publications. She is the author, most recently, of The Hungry Gene, which was published in six languages, and is Associate Professor and Co-Director of the Knight Center for Science and Medical Journalism at Boston University.




NPR
Sunday, Aug 29, 2010

In the days since the Industrial Revolution, Americans have put a premium on convenience and low prices. But this obsession with low prices has its consequences. At times, durability, craftsmanship and even social responsibility are sacrificed. Host Liane Hansen talks with Ellen Ruppel Shell, author of the book, Cheap: The High Cost of Discount Culture. More at NPR.org

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Reviews from AltWeeklies.com
From The Texas Observer, Austin, Texas

The High Cost of Discount Culture: For its catchy title and relatively few pages, Cheap is a weighty book. Shell reveals the dizzying connections between price and poverty, using statistics, historical accounts, and scientific and sociological explanations. She spent two years doing research, traveling to Sweden, the birthplace of IKEA, and China, "factory to the world."

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