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a neo-classical christmas

christmas_econ

From The Atlantic: If economists wrote Christmas cards.

You’ve worked all year, splurge, baby: From Black Power/Grad Skool Rulz 

 

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Written by fabiorojas

December 24, 2013 at 12:06 am

Posted in economics, fabio

2 Responses

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  1. Actually that message reflects more sociological arguments. Economists argue that gift exchange is Pareto inefficient. Deadweight loss as receivers tend to value gift less than what giver paid for it..

    Like

    William Ocasio

    December 24, 2013 at 1:18 am

  2. Isn’t this one of those relational work things?

    Like

    Sclaus

    December 24, 2013 at 3:38 pm


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