Christmas Gifts and Economists

When I get an odd or inappropriate Christmas gift, I usually get a good chuckle with the family and then try to figure out who to recycle it to next year (though the Chia Shrek may be a keeper).

When economists get a bad gift, they try to quantify deadweight loss to the economy.  And, according to Marginal Revolution, the number is substantial.

Update:  more here at TCS

  • Rachel

    Found a great gift for Christmas its
    "The Puppies Video" DVD,
    great music, cute puppies, for any age.

    My kids went crazy about it they playing the DVD over and over

    You can get it at: http://www.puppiesvideo.com

    Rachel

    Mom