The Benchmark Podcast: How to Give Holiday Presents Like an Economist

Billions of dollars are getting wasted every year, according to one economist

Every week, hosts Tori Stilwell, Dan Moss and Aki Ito bring you a jargon-free dive into the stories that drive the global economy.

With Black Friday kicking off retailers' most important shopping season of the year, economist Joel Waldfogel shares his advice for buying presents: don't. Waldfogel, author of the book Scroogenomics, discusses his notorious theory on the inefficiencies of bad gift-giving, with suggestions for what to do instead. 

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