Scroogenomics

Scroogenomics: Why You Shouldn't Buy Presents for the Holidays
Author Joel Waldfogel
Genre Nonfiction
Publisher Princeton University Press
Publication date
 2009
Pages 173
ISBN 978-0-69-114264-7
OCLC 310171808

Scroogenomics is a non-fiction book written by the economist Joel Waldfogel.[1]

Overview

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

References

  1. ↑ Waldfogel holds the Frederick R. Kappel Chair in Applied Economics at Carlson School of Management, University of Minnesota. Carlson School: Faculty and Research
  2. ↑ Zasky, Jason. "Scroogenomics". Failure Magazine. Retrieved December 28, 2012.
  3. ↑ "Give gold, not myrrh". The Economist. December 21, 2009. Retrieved December 27, 2012.
  4. ↑ Hilsenrath, Jon (October 16, 2009). "Q&A: Scroogenomics Author on the Holidays’ ‘Orgy of Wealth Destruction’". The Wall Street Journal. Retrieved December 27, 2012.
  5. ↑ Chakrabortty, Aditya (November 30, 2009). "Brain food: the problem with Scroogenomics". The Guardian. Retrieved December 27, 2012.


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