Finance:Scroogenomics
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Short description: Economics book
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| Author | Joel Waldfogel |
|---|---|
| Genre | Nonfiction |
| Publisher | Princeton University Press |
Publication date | 2009 |
| Pages | 173 |
| ISBN | 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
- The Tyranny of the Market – also written by Waldfogel
References
- ↑ Waldfogel holds the Frederick R. Kappel Chair in Applied Economics at Carlson School of Management, University of Minnesota. Carlson School: Faculty and Research
- ↑ Zasky, Jason. "Scroogenomics". Failure Magazine. http://failuremag.com/feature/article/scroogeonomics/. Retrieved December 28, 2012.
- ↑ "Give gold, not myrrh". The Economist. December 21, 2009. http://www.economist.com/node/15106467. Retrieved December 27, 2012.
- ↑ Hilsenrath, Jon (October 16, 2009). "Q&A: Scroogenomics Author on the Holidays’ ‘Orgy of Wealth Destruction’". The Wall Street Journal. https://blogs.wsj.com/economics/2009/10/16/qa-scroogenomics-author-on-the-holidays-orgy-of-wealth-destruction/. Retrieved December 27, 2012.
- ↑ Chakrabortty, Aditya (November 30, 2009). "Brain food: the problem with Scroogenomics". The Guardian. https://www.theguardian.com/science/2009/dec/01/brain-food-problem-with-scroogenomics. Retrieved December 27, 2012.
External links
- 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
- Will, George (November 26, 2009). "Scroogenomics". RealClearPolitics. RealClear Holdings. http://www.realclearpolitics.com/articles/2009/11/26/scroogenomics_99316.html.
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