Happy Holidays from Econlib!
'Tis the season... for deadweight loss? In a now-famous article by economist Joel Waldfogel, he described the "deadweight loss of Christmas" as the gap between how much a gift giver spends on a present and how much the recipient values the gift. (Read more about it here.) Gift-giving this time of year can be fraught with feelings- some good, some bad. So what would an economist say about how to approach your gift-giving dilemmas? What about the multitude of charitable requests that seem to fill your in- and mail-boxes this time of year? Can economics help you make philanthropic decisions as well?
Maybe you're more focused on finding peace and presence this season. We hear you. We've tried to find something for each of these concerns this month; we hope you enjoy our selections.
Please accept our wishes for a wonderful holiday season. Stay tuned on EconLog for a series of reading suggestions from our contributors, and we'll see you next year!
P.S. If you want to learn more about the concept of deadweight loss generally, may we suggest this 2017 Econlib Article by Cyril Morong?