In “The Deadweight Loss of Christmas,” economist Joel Waldfogel years ago declared war on wasteful gift giving. The best you can hope to do with a $10 gift, he argued, is to duplicate a $10 purchase the recipient would have made for him or herself. Chances are you’ll overspend.
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A Traveling Companion
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In “The Deadweight Loss of Christmas,” economist Joel Waldfogel years ago declared war on wasteful gift giving. The best you can hope to do with a $10 gift, he argued, is to duplicate a $10 purchase the recipient would have made for him or herself. Chances are you’ll overspend.