Tuesday December 22, 2009 | Scroogenomics

December 18, 2009 at 11:32 am | Posted in Coming Up | 10 Comments

A conversation about spending and the holidays, and why maybe we shouldn’t do it! We’ll meet the author of Scroogenomics: Why You Shouldn’t Buy Presents For The Holidays and hear his theories on why some giving during the holidays is clearly wasteful and actually damages our economy. Join us as we discuss, and even quantify, satisfaction in gift giving and a reprioritization of our gift giving habits.
Guest
Joel Waldfogel
– Economist, Professor and Chair of Business and Public Policy at the Wharton School of the University of Pennsylvania and author of Scroogenomics

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  1. […] This post was mentioned on Twitter by Charlotte Talks, Charlotte Talks. Charlotte Talks said: Scroogenomics: Why You Shouldn't Buy Presents For The Holidays. Economist and author Joel Waldfogel tells us why, Tuesday. http://ow.ly/Npow […]

  2. I get what the professor has to say, I understand his point. Just curious…does he follow his own advice?

  3. How do you factor in givers who have better or less expensive access to things the receiver would want — just not at the going street rate, even if available on the street?! E.g., a red carpet ticket from Will Smith or a retail gift bought with an employee discount?

  4. How do you factor in postage and shipping costs? Do those costs diminish the value of the gift. I would think so.

  5. I highly recommend Bill McKibben’s short book “Hundred Dollar Holiday: The Case For A More Joyful Christmas”. I received it as a Christmas gift several years ago and it changed my family’s entire approach to the holidays.

  6. The comments and amazon links are backwards.

  7. On the matter of gift-giving, everyone should read Ralph Waldo Emerson’s esay on Gifts. He says gifts should never be given because of a sense of obligation. Another point: Nothinng was said about gifts given out of love, which the recipient understands. If you don’t know a person well enough to know what kinds of things they would really like, why are you giving them a gift?

  8. I have always thought that a present should be something that the person would like but not normally buy for themselves. The perfect example would be that wallet example you talked about. It’s an indulgence that you wouldn’t normally spend for yourself but that you would love to have.

  9. I’ve got a good post as to why this is Junk Science:
    http://floodingupeconomics.wordpress.com/2010/12/27/junk-science-the-scroogenomics-of-prof-waldfogel/

    Even the original study that Prof Waldfogel was not really economically significant… and the theory behind the paper, very tenuous.


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