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]

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. Retrieved December 28, 2012.
^ "Give gold, not myrrh". The Economist. December 21, 2009. Retrieved December 27, 2012.
^ Hilsenrath, Jon (October 16, 2009). "Q&A: Scroogenomics Author on the Holidays' 'Orgy of Wealth Destruction'". The Wall Street Journal. Retrieved December 27, 2012.
^ Chakrabortty, Aditya (November 30, 2009). "Brain food: the problem with Scroogenomics". The Guardian. 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.

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[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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Scroogenomics

Contents

Overview[]

See also[]

References[]

External links[]