Scroogenomics
Economics book
From Wikipedia, the free encyclopedia
Scroogenomics is a non-fiction book written by the economist Joel Waldfogel.[1]
| |
| Author | Joel Waldfogel |
|---|---|
| Genre | Nonfiction |
| Publisher | Princeton University Press |
Publication date | 2009 |
| Pages | 173 |
| ISBN | 978-0-69-114264-7 |
| OCLC | 310171808 |
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
