Buying gifts? Beware the Orgy of Value Destruction!

For most people, the holidays are a time of gifts, fun, and family.

But to Wharton economist Joel Waldfogel, the holidays are celebrated with an "orgy of value destruction."

In his new book Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, Dr. Waldfogel explains why gift giving is so prone to value destruction -- and how we can make it less of a waste and still enjoy the holidays and gifting.

WalletPop editor-at-large Jason Cochran and I recently spoke with Dr. Waldfogel in a podcast, touching on a wide variety of topics: from crying babies to candy corn to giving cash to drug addicts to regifting.

Read Full Story

Markets

DJIA 25,798.42 547.87 2.17%
NASDAQ 7,645.49 214.75 2.89%
NIKKEI 225 22,792.04 242.80 1.08%
HANG SENG 25,462.26 17.20 0.07%
DAX 11,776.55 162.39 1.40%
USD (per EUR) 1.16 0.00 -0.14%
USD (per CHF) 0.99 0.00 0.11%
JPY (per USD) 112.26 -0.08 -0.07%
GBP (per USD) 1.32 0.00 -0.08%