The Beauty of Exchanging Gifts

The Beauty of Exchanging Gifts
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Jeffrey A. Tucker
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Commentary

Some years ago, some economists came up with an idea that became briefly fashionable. The idea is that gift-giving is inefficient. That’s because it’s unlikely that the gift given to the recipient would have been as high up on his utility scale as some other item that could have been purchased for the same amount of money. Therefore, resources are being wasted, and you’re thus far better off giving money than objects.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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