#17901
Mentioned in 3 episodes
Scroogenomics
Why You Shouldn't Buy Presents for the Holidays
Book • 2009
In 'Scroogenomics', economist Joel Waldfogel examines the economic waste generated by holiday gift-giving.
He argues that when we buy gifts, we often make less-informed choices, leading to what he terms 'deadweight loss'.
This waste is not limited to the United States but is a global phenomenon.
Waldfogel provides statistical data to support his claims and offers viable alternatives to traditional gift-giving practices, aiming to help readers maintain the economy and reclaim the true spirit of the holiday season without financial hardship.
He argues that when we buy gifts, we often make less-informed choices, leading to what he terms 'deadweight loss'.
This waste is not limited to the United States but is a global phenomenon.
Waldfogel provides statistical data to support his claims and offers viable alternatives to traditional gift-giving practices, aiming to help readers maintain the economy and reclaim the true spirit of the holiday season without financial hardship.
Mentioned by
Mentioned in 3 episodes
Mentioned by Jeff when discussing the economic inefficiencies of gift-giving.
What is the purpose of giving gifts?
