In 1993 Joel Waldfogel coined the “deadweight loss of Christmas” theory in a short paper (pdf). His research has gone on to have a life of its own.
Giving the right gift is difficult, in part because givers and receivers don’t necessarily agree on what “right” means. Choose the right strategy.
A classic. Thorstein Veblen argues that the conspicuous consumption of the leisure class is emulated by everyone, as individuals seek increased status.
Private charity is often considered a pure public good. James Andreoni suggests that this model fails to confirm the broadest empirical observations about it.
Nobel Laureate Edmund Phelps argues that most innovation is not driven by a few isolated visionaries, but rather by many people empowered to dream up.
The Weekend List returns in 2017.