Scroogenomics
{{Short description|Economics book}}
{{Infobox book
| name = Scroogenomics: Why You Shouldn't Buy Presents for the Holidays
| image = Scroogenomics.jpg
| author = Joel Waldfogel
| country =
| language =
| genre = Nonfiction
| publisher = Princeton University Press
| release_date = 2009
| media_type =
| pages = 173
| isbn = 978-0-69-114264-7
| dewey =
| congress =
| oclc = 310171808}}
Scroogenomics is a non-fiction book written by the economist Joel Waldfogel.Waldfogel holds the Frederick R. Kappel Chair in Applied Economics at Carlson School of Management, University of Minnesota. [http://www.carlsonschool.umn.edu/faculty-research/jwaldfog/Joel_Waldfogel.aspx Carlson School: Faculty and Research]
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.{{cite web|last=Zasky|first=Jason|title=Scroogenomics|url=http://failuremag.com/feature/article/scroogeonomics/|work=Failure Magazine|accessdate=December 28, 2012}} 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".{{cite news|title=Give gold, not myrrh|newspaper=The Economist|date=December 21, 2009|url=http://www.economist.com/node/15106467|accessdate=December 27, 2012}}{{cite news|last=Hilsenrath|first=Jon|title=Q&A: Scroogenomics Author on the Holidays' 'Orgy of Wealth Destruction'|url=https://blogs.wsj.com/economics/2009/10/16/qa-scroogenomics-author-on-the-holidays-orgy-of-wealth-destruction/|accessdate=December 27, 2012|newspaper=The Wall Street Journal|date=October 16, 2009}}{{cite news|last=Chakrabortty|first=Aditya|title=Brain food: the problem with Scroogenomics|url=https://www.theguardian.com/science/2009/dec/01/brain-food-problem-with-scroogenomics|accessdate=December 27, 2012|newspaper=The Guardian|date=November 30, 2009}}
See also
- The Tyranny of the Market – also written by Waldfogel
References
{{reflist}}
External links
- Cowie, Ian – "[https://web.archive.org/web/20121214020614/http://blogs.telegraph.co.uk/finance/ianmcowie/100021767/scroogenomics-three-in-four-say-they-will-not-buy-christmas-presents-this-year/ Scroogenomics: three in four say they will not buy Christmas presents this year"] The Telegraph. 11 Dec 2012
- Langer, Ellen – "[http://www.huffingtonpost.com/ellen-langer/emscroogenomicsem-are-the_b_403985.html Scroogenomics: Are the Grinches Wrong?"] The Huffington Post. 28 Dec 2009
- Muir, David – "[https://abcnews.go.com/Business/scroogenomics-loved-love-christmas-gifts/story?id=9321824#.UNqyM-Qnu6s Scroogenomics: Your Loved Ones May Not Love Their Christmas Gifts"] ABC News. 12 Dec 2009
- Sachs, Andrea – "[https://web.archive.org/web/20091115072314/http://www.time.com/time/business/article/0,8599,1938367,00.html Why We Shouldn't Give Christmas Gifts"] Time Magazine. 12 Nov 2009
- Will, George – "[https://www.washingtonpost.com/wp-dyn/content/article/2009/11/25/AR2009112502653.html George F. Will on the disaster of Christmas giving"] The Washington Post. 26 Nov 2009
- {{cite web|last=Will|first=George|title=Scroogenomics|url=http://www.realclearpolitics.com/articles/2009/11/26/scroogenomics_99316.html|work=RealClearPolitics|publisher=RealClear Holdings|authorlink=George Will|date=November 26, 2009}}
Category:Princeton University Press books
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