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The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.


#238: Why Economists Hate Gifts

December 23rd, 2011

Episode 436 of 902 episodes

Giving and receiving gifts can be a joyful thing — unless you're an economist. All those books that will never be read and ties that will never be worn are hugely inefficient.To investigate a possible solution, we went to a seventh-grade classroom at a public school in Brooklyn.The students were already familiar with the issue."This is kind of silly, but I got a Power Ranger," Tadre Jones said. "I was grateful, but I didn't really like it."So we had no trouble conscripting 10 kids to participate in an economic experiment that aimed to improve the efficiency of gift giving.

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