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A Piece of the Action

A Piece of the Action

How the Middle Class Joined the Money Class

Winner of the Helen Bernstein Award for Excellence in Journalism
One of Business Week’s “Ten Best Business Books of the Year”

When 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 savers—people who kept their money in the bank, and spent it frugally—to being unrepentant borrowers and investors.

A Piece of the Action is an important piece of financial and social history, and with a new introduction, Nocera’s 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.
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  • Simon & Schuster | 
  • 464 pages | 
  • ISBN 9781476734798 | 
  • January 2013
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Read an Excerpt

A Piece of the Action Introduction: The Money Revolution
SPRING IS THE BUSIEST TIME.

That’s what they’ll tell you in the “financial services industry”—the clumsy, all-purpose term that encompasses all the mutual fund companies and investment firms now spanning the nation, all the insurance companies and brokerage houses, all the S&Ls and banks and credit unions of every shape and size: the thousands upon thousands of entities that compete for the chance to handle our money. They know the... see more

About the Author

Joe Nocera

Joe Nocera is an op-ed columnist for The New York Times. He was previously a business columnist for the Times and a staff writer for The New York Times Magazine. He spent ten years at Fortune, where he rose to editorial director, and has written for numerous publications, including GQ, Esquire, and Newsweek. He has won three Gerald Loeb awards and three John Hancock awards for excellence in business journalism. His most recent book is the New York Times bestseller All the Devils Are Here, which he coauthored with Bethany McClean. He lives in New York.

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