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The Efficient Christmas: Why Economists Hate Gifts

The Indicator NPR hide caption

A recent study from Finder.com estimates more than 15 billion dollars in unwanted Christmas Gifts will be exchanged this holiday season. To economists, this means more than 15 billion dollars in waste. For this reason, economists usually recommend buying no gift at all, or just giving cash. But economist Tim Harford says he has a solution.
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