RSA Thursday - Scroogenomics: why reindeer jumpers, singing fish and novelty clocks shouldn't be under our Christmas trees December 3, 2009

Author Professor Joel Waldfogel visits the RSA to tell us why we shouldn't get caught up in expensive Christmas shopping.

Joel Waldfogel argues that every dollar we spend on ourselves produces at least a dollar in satisfaction. But gift giving is different. Choices are less-informed leaving recipients less than satisfied. Our festive spending generates £50billion of economic waste each winter.

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