Special Christmas Episode: The Economics of Gift Giving

(38 min 23 sec)

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In this episode, Enoch and Tim explore the fascinating and sometimes controversial economics of gift giving. They breakdown the “deadweight loss of Christmas” to explain the inefficiency of gift exchange. But these two grinches explain why giving gifts does so much more than retail cost valuations insofar as the process of finding and buying a gift demonstrates a unique act of love and care.

Credits: Drew Elliot (music) with additional thanks to the Wheaton Center for Faith, Politics & Economics.