Ragged Clown

It's just a shadow you're seeing that he's chasing…


Tag Archives: phi

Dec
19
2009

Christmas is Destroying Our Wealth

Stuart Jeffries, in the Guardian, teaches us some economics about the Joy Of Giving. deadweight loss: losses to one person that are not offset by the gains to someone else. Waldfogel estimates the global deadweight loss of Christmas 2006 to … Continue reading