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Short description: Economics book
Scroogenomics: Why You Shouldn't Buy Presents for the Holidays
AuthorJoel Waldfogel
PublisherPrinceton University Press
Publication date

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


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


  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. 

External links