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Scroogenomics vs Ulterior Motives (and Other Justifications for Gift Giving)

By dreeves

As a poser economist (as Jeff Ely calls me), I love to complain about the social inefficiency of gift giving. It's a terrible idea, guys! We waste 13 billion dollars a year on it! But I do appreciate that I have a tendency to pooh-pooh social conventions far too... »