December 11, 2023
During the winter holidays, considering all of our gift giving decisions, we could listen to some economic advice.
During the winter holidays, considering all of our gift giving decisions, we could listen to some economic advice.
During the holiday season, our gift giving might have less value than we expect because recipients engage in preference falsification.
After an economist long ago told us that gift giving adds less to economic activity than the price of the present, a pro-gift giving group disagreed.
Looking at the numbers from the National Retail Federation, we do not see the value of the unwanted gifts that might be subtracted from holiday spending.