The Inefficiency of Gift Giving: Why Economists Hate Gifts

npr.org — Giving and receiving gifts can be a joyful thing — unless you're an economist. From an economic perspective, all those books that will never be read and ties that will never be worn are a huge waste. But a group of seventh graders may have found a solution: Trade. Dec 24, 2010 View in Crawl 4

The Inefficiency of Gift Giving: Why Economists Hate Gifts