Scroogenomics
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| Author | Joel Waldfogel |
|---|---|
| Genre | Nonfiction |
| Publisher | Princeton University Press |
Publication date | 2009 |
| Pages | 173 |
| ISBN | Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value). |
| OCLC | 310171808 |
Scroogenomics is a non-fiction book written by the economist Joel Waldfogel.[1]
Overview
[edit | edit source]In his book Waldfogel argues that purchasing gifts for other people is a "terrible way to allocate resources" as a result of gift givers' lack of knowledge of the recipients' true preferences.[2] Waldfogel estimates that approximately $12 billion a year in the U.S. and $25 billion a year worldwide is misallocated in Yuletide giftgiving, which he calls "an orgy of wealth destruction".[3][4][5]
See also
[edit | edit source]- The Tyranny of the Market – also written by Waldfogel
References
[edit | edit source]- ^ Waldfogel holds the Frederick R. Kappel Chair in Applied Economics at Carlson School of Management, University of Minnesota. Carlson School: Faculty and Research
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External links
[edit | edit source]- Cowie, Ian – "Scroogenomics: three in four say they will not buy Christmas presents this year" The Telegraph. 11 Dec 2012
- Langer, Ellen – "Scroogenomics: Are the Grinches Wrong?" The Huffington Post. 28 Dec 2009
- Muir, David – "Scroogenomics: Your Loved Ones May Not Love Their Christmas Gifts" ABC News. 12 Dec 2009
- Sachs, Andrea – "Why We Shouldn't Give Christmas Gifts" Time Magazine. 12 Nov 2009
- Will, George – "George F. Will on the disaster of Christmas giving" The Washington Post. 26 Nov 2009
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