''Scroogenomics'' is a non-fiction book written by the economist
Joel Waldfogel.
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. Waldfogel estimates that approximately $12 billion a year in the U.S. and $25 billion a year worldwide is misallocated in
Yuletide
Yule, actually Yuletide ("Yule time") is a festival observed by the historical Germanic peoples, later undergoing Christianised reformulation resulting in the now better-known Christmastide. The earliest references to Yule are by way of indig ...
giftgiving, which he calls "an orgy of wealth destruction".
See also
* ''
The Tyranny of the Market'' – also written by Waldfogel
References
External links
* Cowie, Ian –
''Scroogenomics'': three in four say they will not buy Christmas presents this year"''The Telegraph''. 11 Dec 2012
* Langer, Ellen –
''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 –
''Time Magazine''. 12 Nov 2009
* Will, George –
''The Washington Post''. 26 Nov 2009
*
Economics books
Princeton University Press books
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