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How many bottles of wine are regifted? What's wrong with giving cash? And should Angela give her husband a subscription to the Sausage of the Month Club? SOURCES:Joel Waldfogel, professor of strategic management & entrepreneurship at the University of Minnesota. RESOURCES:“How to Become a Truly Excellent Gift Giver,” by Eliza Brooke (Vox, 2022).“How to Calculate a Holiday Tip for the Doorman,” by Ronda Kaysen (The New York Times, 2022).“Least Favorite Gifts to Receive for Christmas in the United States in 2022, by Generation,” (Statista, 2022).“(Not) Giving the Same Old Song and Dance: Givers' Misguided Concerns About Thoughtfulness and Boringness Keep Them From Repeating Gifts,” by Julian Givi (Journal of Business Research, 2020).“Does Anyone Really Buy the Giant Car Bows You See in Every Commercial?” by Aditi Shrikant (Vox, 2018).“It's the Motive That Counts: Perceived Sacrifice Motives and Gratitude in Romantic Relationships,” by Mariko L. Visserman, Francesca Righetti, Emily A. Impett, Dacher Keltner, and Paul A. M. Van Lange (Emotion, 2018).“Why Certain Gifts Are Great to Give but Not to Get: A Framework for Understanding Errors in Gift Giving,” by Jeff Galak, Julian Givi, and Elanor F. Williams (Current Directions in Psychological Science, 2016).“The Girl Who Gets Gifts From Birds,” by Katy Sewall (B.B.C. News, 2015).“The Disappointing Gift: Dispositional and Situational Moderators of Emotional Expressions,” by Renée M. Tobin and William G. Graziano (Journal of Experimental Child Psychology, 2011).Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel (2009).“The Deadweight Loss of Christmas,” by Joel Waldfogel (The American Economic Review, 1993).United States Postal Service Employee Tipping and Gift-Receiving Policy. EXTRAS:“Have a Very Homo Economicus Christmas,” by Freakonomics Radio (2012).
Waaay back in Episode 22, Ron and Ed detailed the ideas behind Joel Waldfogel's book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. Waldfogel makes the case that the deadweight loss to the economy from gift giving, in 2007, totaled $12 billion, out of approximately $66.5 Billion spent (about 12%) and that we should all give cash rather than presents. In this episode, we will speak with Professor Tony Gill about his ideas around Rethinking Scroogencomics and some of his other writings.
Waaay back in Episode 22, Ron and Ed detailed the ideas behind Joel Waldfogel's book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. Waldfogel makes the case that the deadweight loss to the economy from gift giving, in 2007, totaled $12 billion, out of approximately $66.5 Billion spent (about 12%) and that we should all give cash rather than presents. In this episode, we will speak with Professor Tony Gill about his ideas around Rethinking Scroogencomics and some of his other writings.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
-> Let's go back in time, thinking about the ambivalent attitude that many artists have toward digitization, to the moment when the digitization of music occurs in Nashville. The ability to pirate, to download things from the web without paying for them, arose. Since then, digitization and the Internet began to be seen as a threat by artists. But it didn't take long for the Internet to turn out to have its good sides as well. -> The Internet, yes, has made it possible for people to steal cultural goods, but it has also made it much cheaper to produce them. What followed can safely be called an explosion of creative potential in terms of the number of new works. -> We listen to a lot of old music, which means that thanks to streaming, artists of old who are still listened to but no longer release albums can still make money. Yes, it may often not be large amounts of money, but in the pre-Internet era they would have received nothing, because you don't have to pay royalties on subsequent plays of a store-bought CD. -> On the other hand, streaming services are powerful. They have great power to decide what is successful and how much they will pay the record labels. There's a lot to complain about. It's a very complicated system. But there are a lot of artists who get something they would never get otherwise."
Economists are a gloomy lot, and no less so at Christmas. Whereas most people see gift-giving as a source of joy, economists fret about the potential for misallocated resources. One Scrooge-ish study found that, on average, $100 spent on gifts was worth the same as around $85 of cash spent directly by the recipient. But are there reasons to believe that over time, Christmas is becoming more efficient?On this week's podcast, hosts Soumaya Keynes, Mike Bird and Alice Fulwood hear from the father of Scroogenomics, Joel Waldfogel, about why Christmas may be improving for economists—even if it means fewer presents. And they speak to The Economist's Ore Ogunbiyi about the nightmare after Christmas for retailers.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.
Economists are a gloomy lot, and no less so at Christmas. Whereas most people see gift-giving as a source of joy, economists fret about the potential for misallocated resources. One Scrooge-ish study found that, on average, $100 spent on gifts was worth the same as around $85 of cash spent directly by the recipient. But are there reasons to believe that over time, Christmas is becoming more efficient?On this week's podcast, hosts Soumaya Keynes, Mike Bird and Alice Fulwood hear from the father of Scroogenomics, Joel Waldfogel, about why Christmas may be improving for economists—even if it means fewer presents. And they speak to The Economist's Ore Ogunbiyi about the nightmare after Christmas for retailers.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.
Weihnachten rückt näher, es ist das Fest des Schenkens. Doch was sind die ökonomischen Effekte von Geschenken? Der weihnachtliche Kaufrausch kurbelt einerseits das Wirtschaftswachstum an – viele Läden machen in diesen Tagen das grösste Geschäft des Jahres. Andererseits entstehen Wohlfahrtsverluste: Der US-Ökonom Joel Waldfogel berechnete einst, dass 10 Prozent bis zu einem Drittel des Geschenkwertes verlorengehen. […] The post Was wäre, wenn es an Weihnachten keine Geschenke gäbe? appeared first on Avenir Suisse.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
Waaay back in Episode 22, Ron and Ed detailed the ideas behind Joel Waldfogel's book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. Waldfogel makes the case that the deadweight loss to the economy from gift giving, in 2007, totaled $12 billion, out of approximately $66.5 Billion spent (about 12%) and that we should all give cash rather than presents. In this episode, we will speak with Professor Tony Gill about his ideas around Rethinking Scroogencomics and some of his other writings.
Waaay back in Episode 22, Ron and Ed detailed the ideas behind Joel Waldfogel's book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. Waldfogel makes the case that the deadweight loss to the economy from gift giving, in 2007, totaled $12 billion, out of approximately $66.5 Billion spent (about 12%) and that we should all give cash rather than presents. In this episode, we will speak with Professor Tony Gill about his ideas around Rethinking Scroogencomics and some of his other writings.
Waaay back in Episode 22, Ron and Ed detailed the ideas behind Joel Waldfogel's book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. Waldfogel makes the case that the deadweight loss to the economy from gift giving, in 2007, totaled $12 billion, out of approximately $66.5 Billion spent (about 12%) and that we should all give cash rather than presents. In this episode, we will speak with Professor Tony Gill about his ideas around Rethinking Scroogencomics and some of his other writings.
Waaay back in Episode 22, Ron and Ed detailed the ideas behind Joel Waldfogel's book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. Waldfogel makes the case that the deadweight loss to the economy from gift giving, in 2007, totaled $12 billion, out of approximately $66.5 Billion spent (about 12%) and that we should all give cash rather than presents. In this episode, we will speak with Professor Tony Gill about his ideas around Rethinking Scroogencomics and some of his other writings.
If copyrights are a measure of women's long-term rise in economic participation, trends show progress but still a ways to go. A recent study by the U.S. Copyright Office shows that over a 40-year period, women's share of registrations rose from 28%, to 38% in 2020. Joining the Federal Drive with analysis, University of Minnesota business school professor Joel Waldfogel, and Copyright Office chief economist Brent Lutes.
Joel Waldfogel is Associate Dean of MBA programs at the University of Minnesota's Carlson School of Management. He was previously the Ehrenkranz Family Professor of Business and Public Policy at the University of Pennsylvania's Wharton School, where he served as department chair and associate vice dean. Prior to Wharton, he was an associate professor of economics at Yale University.
Ein Artikel von Jeffrey A. Tucker über die Schlussfolgerung des Ökonomen Joel Waldfogel, Weihnachten sei angeblich inneffizient. Erschienen in „The Free Market 15, no. 12“ im Dezember 1997. Aus dem Amerikanischen übersetzt von Andreas Tank für Mises Karma.
Ein Artikel von Jeffrey A. Tucker über die Schlussfolgerung des Ökonomen Joel Waldfogel, Weihnachten sei angeblich inneffizient. … Episode 115: Ist Weihnachten ineffizient?Weiterlesen »
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
-> Let's go back in time, thinking about the ambivalent attitude that many artists have toward digitization, to the moment when the digitization of music occurs in Nashville. The ability to pirate, to download things from the web without paying for them, arose. Since then, digitization and the Internet began to be seen as a threat by artists. But it didn't take long for the Internet to turn out to have its good sides as well. -> The Internet, yes, has made it possible for people to steal cultural goods, but it has also made it much cheaper to produce them. What followed can safely be called an explosion of creative potential in terms of the number of new works. -> We listen to a lot of old music, which means that thanks to streaming, artists of old who are still listened to but no longer release albums can still make money. Yes, it may often not be large amounts of money, but in the pre-Internet era they would have received nothing, because you don't have to pay royalties on subsequent plays of a store-bought CD. -> On the other hand, streaming services are powerful. They have great power to decide what is successful and how much they will pay the record labels. There's a lot to complain about. It's a very complicated system. But there are a lot of artists who get something they would never get otherwise."Support the show (https://www.paypal.com/paypalme/sebastianstodolak)
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/communications
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/popular-culture
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/science-technology-and-society
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics.
Digitization is reshaping creative industries. Old gatekeepers in music, publishing, television, movies, and other industries no longer play such an important role, and digital piracy makes it easy for consumers to avoid paying companies, artists, and writers for what they produce. On the other hand, independents can now cheaply produce and distribute creative works both to niche and mass market audiences. In Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture (Princeton UP, 2020), Economist Joel Waldfogel uses data about the quantity, quality, and mass appeal of these works to make the case that this has on balance made us all better off, resulting in a digital renaissance. In this interview, we discuss the findings in his book and how he arrives at them. I also get his perspective on some developments since his book came out, like the rise of Spotify, non-fungible tokens (NFTs), and the impact of the pandemic on digitization. He also unwittingly gives me the opportunity to tell everyone with an Amazon device in the house to say “Alexa, Beethoven’s pathetic!” and enjoy the result. If you want to buy the NFT for Waldfogel’s famously Scroogey paper “The Deadweight Loss of Christmas,” he is open to bids and promises to donate the proceeds to charity, unlike Scrooge. You can also follow him on Twitter. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/technology
Tim Harford asks a group of numbers-minded people to take a look back on the year and think of one statistic that really stands out for them. From the spread of Covid-19 to the number of songs added to Spotify this year, we showcase figures that tell us something about 2020. We speak to Oliver Johnson, professor of information theory at the University of Bristol in the UK; Anne-Marie Imafidon, creator and CEO of social enterprise Stemettes; and economist Joel Waldfogel, of the University of Minnesota.
Tim Harford asks economist Joel Waldfogel how Covid 19 could affect spending at Christmas this year. They discuss the usual bump in sales and gift giving. The author of ‘Scroogenomics’ usually argues that presents are rarely as valued by the recipient compared to something they might buy for themselves. But what should people do this year?
The internet and social media have restructured the traditional media landscape by allowing anyone to bypass the traditional gatekeepers with a smartphone and an internet connection. In the past, you had to be chosen by media executives; now you can choose yourself and bring your creations directly to your consumers. While this has created unprecedented levels of collaboration and creativity, it has also resulted in intense competition for the attention of people - more people means saturated markets. Though the traditional gatekeepers may have lost power, new gatekeepers have taken their thrones: social media platforms. After all, notwithstanding the new perceived levels of creative potential, all creators must still go through a few platforms. In this sense, the new gatekeepers are now algorithms, determining who sees your work. Technology companies, already powerful and concentrated, have the potential for becoming even greater behemoths. In this episode, we sit down with University of Minnesota economics professor Joel Waldfogel to discuss his new book The Digital Renaissance.
Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture By Joel Waldfogel
Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture By Joel Waldfogel The post The Chris Voss Show Podcast – Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture By Joel Waldfogel appeared first on Chris Voss Official Website.
As the cultural economy (music, movies, television, and books) digitized around the turn of the 21st century, many critics worried about severe negative consequences, including declining creative output because of piracy and decreased aesthetic quality. Joel Waldfogel joins Paul and Aaron to discuss why those fears were wrong. Digitization has actually stimulated a renaissance in the cultural economy as both the number and perceived aesthetic quality of film, television, and books have soared. It has been a triumph of technological innovation enabling an expansion of the marketplace for the ultimate benefit of producers and consumers.Are we overproducing movies because of digitization? Are we consuming culture too fast? Is piracy a customer service problem? Does the business model of Spotify prevent piracy of music? Why did music take such a huge hit from piracy when TV and movies took a much smaller hit in comparison? Do we want ownership of products or the ability to have access to stream of service? Why are people unbundling their cable services? Should we get rid of all copyright?Further Reading:Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture, written by Joel WaldfogelHow Does Spotify Make Money?, written by Rameez M. SydeekMusic Piracy Remains a Problem in the Spotify Era, written by Anne SteeleRelated Content:In the Economy of the Future, You Won’t Own Your Kitchen, written by Pamela J. HobartIntellectual Privilege, Free Thoughts PodcastIs Netflix Ruining Culture?, written by Pamela J. Hobart reviewing Joel Waldfogel’s book Digital Renaissance See acast.com/privacy for privacy and opt-out information.
Joel Waldfogel is an American economist and the Frederick R. Kappel Chair in Applied Economics at the University of Minnesota's Carlson School of Management.
Guest, 12/17/18: Paul Vaaler, Assoc. Professor & Joel Waldfogel, Assoc. Dean, Univ. of Minnesota by by David Reibstein
Dans ce nouvel épisode, Pauline Choulet et Agathe Moulin, interrogent la pertinence et les limites des algorithmes de recommandation de contenus culturels. Parmi les références mentionnées : - Forgotify : http://forgotify.com/ - Jean-Samuel Beuscart, Sisley Maillard, Samuel Coavoux. Les algorithmes de recommandation musicale et l’autonomie de l’auditeur. Une analyse quantitative d’un panel d’utilisateurs de streaming. 2017 - Luis Aguiar, Joel Waldfogel. As streaming reaches flood stage, does it stimulate or depress music sales?. International Journal of Industrial Organization. 2017 - Chris Anderson. La Longue Traîne, Village Mondial. 2007 Crédits : - La musique du générique a été composée par une intelligence artificielle sur Jukedeck (jukedeck.com) - Extrait de "Can't Let Go (ACR Edit), Feat. Miss Bunty"
Given the sheepish coughing you'll hear, by people acknowledging they weren't keeping up with the reading, this turned into an exposition mainly of Marcel Mauss's great work The Gift, along with some mention of Joel Waldfogel's notorious article "The Deadweight Loss of Christmas."
This week, John and Maryam talked to Zaydee Sanchez and Scott Barker about their experience south of the border in Tijuana. Zaydee and Scott were originally working on a documentary about LA homelessness when they decided to head south and earth the human story evolving south of the border. You can follow their work on Facebook: facebook.com/migrantcrossings Instagram @migrantcrossings Twitter @migrantcrossing They then pivoted to the Oscar’s and talked to Dr. Joel Waldfogel, author of the book, Digital Rennaisance, who told us the digitization of film has made it easier for film makers to create more flow of creative work, and that has improved the the quality of film, and even for self published books. Digital Rennaisance: books.google.com/books/about/Digital_Renaissance.html
As the cultural economy (music, movies, television, and books) digitized around the turn of the 21st century, many critics worried about severe negative consequences, including declining creative output because of piracy and decreased aesthetic quality. Joel Waldfogel joins Paul and Aaron to discuss why those fears were wrong. Digitization has actually stimulated a renaissance in the cultural economy as both the number and perceived aesthetic quality of film, television, and books have soared. It has been a triumph of technological innovation enabling an expansion of the marketplace for the ultimate benefit of producers and consumers.Are we overproducing movies because of digitization? Are we consuming culture too fast? Is piracy a customer service problem? Does the business model of Spotify prevent piracy of music? Why did music take such a huge hit from piracy when TV and movies took a much smaller hit in comparison? Do we want ownership of products or the ability to have access to stream of service? Why are people unbundling their cable services? Should we get rid of all copyright?Further Reading:Digital Renaissance: What Data and Economics Tell Us about the Future of Popular Culture, written by Joel WaldfogelHow Does Spotify Make Money?, written by Rameez M. SydeekMusic Piracy Remains a Problem in the Spotify Era, written by Anne SteeleRelated Content:In the Economy of the Future, You Won’t Own Your Kitchen, written by Pamela J. HobartIntellectual Privilege, Free Thoughts PodcastIs Netflix Ruining Culture?, written by Pamela J. Hobart reviewing Joel Waldfogel’s book Digital Renaissance See acast.com/privacy for privacy and opt-out information.
In his book University of Minnesota professor Joel Waldfogel explains how digital technology is ushering in a new golden age of entertainment -- with better choices and at lower costs for consumers. See acast.com/privacy for privacy and opt-out information.
Got gift-giving on your mind? You're not the only one to agonize over it! Is exchanging presents a magical practice of reciprocity that leads to stronger human bonds (Team Anthropology!) or is it an inefficient scourge leading to deadweight loss (Team Economics!)? In this episode, we explore these two camps...and in the process get to Japan's extreme gifting culture (Maria’s our in-house expert!), best/worst presents (yay!/ack!), holiday shopping, and registries. Get ready folks, we unwrap gift giving like no one else does—like nerds! Links to Stuff We Talk AboutTheoryBronisław Malinowski, “Argonauts of the Western Pacific: An account of native enterprise and adventure in the Archipelagoes of Melanesian New Guinea” (Routledge and Kegan Paul, 1922) http://wolnelektury.pl/katalog/lektura/argonauts-of-the-western-pacific/ [N&M note: Yes, this title is bad, like baaaad.]Marcel Mauss, “The Gift: Forms and Functions of Exchange in Archaic Societies” (Cohen & West Ltd, 1966). https://archive.org/details/giftformsfunctio00maus [N&M note: Yes, this one too.]Joel Waldfogel, “Scroogenomics: Why You Shouldn't Buy Presents for the Holidays” (Princeton University Press, 2009). http://press.princeton.edu/titles/8972.html Context“Why Economists Hate Gifts”. Planet Money. December 11, 2011. NPR. http://www.npr.org/sections/money/2011/12/23/144195081/the-friday-podcast-why-economists-hate-giftsCaitlin Kenney. “The Most Wasteful Time Of Year.” Planet Money. November 25, 2009. NPR. http://www.npr.org/sections/money/2009/11/podcast_happy_efficent_holiday.htmlShankar Vedantam. "New Study Explores Psychology Of Giving Wedding Gifts." All Things Considered. June 24, 2016. NPR. http://www.npr.org/2016/06/24/483426485/new-study-explores-psychology-of-giving-wedding-gifts BonusOn Japanese gift giving etiquette On Valentine’s Day & White Day in Japan Music this time by 50 Cent, The Isley Brothers, Queen Mariah & Natalie Merchant
(Bloomberg) -- With Black Friday kicking off retailers' most important shopping season of the year, economist Joel Waldfogel shares his advice for buying presents: Don't. Waldfogel, author of the book "Scroogenomics," discusses his notorious theory on the inefficiencies of bad gift-giving, with suggestions for what to do instead.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
On Black Friday, the biggest Holiday shopping day of the year, Ed and I thought it would be fun to review the book, Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, by Joel Waldfogel, published in 2009. Waldfogel estimates that giving gifts nobody wants is a deadweight loss to the economy to the tune of approximately $12 Billion, mostly on credit cards. Money we don't have to buy things people don't want. As he writes, when you say to your mother-in-law, “A cribbage board. You shouldn't have.” Indeed, she shouldn't have, according to the author. As you prepare to go out and contribute to the expected $77.5B in the Holiday shopping spree, have a listen to a cautionary tale about the pitfalls of giving gifts.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In this series of presentations, Susan Athey, Brian Knight and Justin Rao each explain their work examining different ways that social media usage affects opinion formation, voting patterns, and "filter bubbles" of biased information constructed by individual users. A concluding panel led by Joel Waldfogel synthesizes some common insights on the nature of bias as it travels across social media.
Joel Waldfogel of the Wharton School of Business talks about the idea in his new book, The Tyranny of Markets: Why You Can't Always Get What You Want. He argues that when fixed costs are large, markets don't necessarily give people what they want and that, analogous to the political process, you can be hurt as the number of people with preferences that differ from yours gets larger. Host Russ Roberts challenges Waldfogel's claim that these phenomena are widespread and argues that in many cases, markets ultimately solve these problems. They discuss the amount of variety in newspapers, radio, and airline travel, along with how economics generally looks at fixed costs and consumer sovereignty.
Joel Waldfogel of the Wharton School of Business talks about the idea in his new book, The Tyranny of Markets: Why You Can't Always Get What You Want. He argues that when fixed costs are large, markets don't necessarily give people what they want and that, analogous to the political process, you can be hurt as the number of people with preferences that differ from yours gets larger. Host Russ Roberts challenges Waldfogel's claim that these phenomena are widespread and argues that in many cases, markets ultimately solve these problems. They discuss the amount of variety in newspapers, radio, and airline travel, along with how economics generally looks at fixed costs and consumer sovereignty.
Forget what you learned about markets in your introductory economics class. In a new book titled The Tyranny of the Market: Why You Can't Always Get What You Want Wharton professor Joel Waldfogel challenges the conventional thinking that markets will provide adequately if left to their own devices. His book makes the case that while markets do a good job of offering products that a majority of people desire they can fall short in meeting the needs of consumers with less prevalent preferences. Potentially left by the wayside are African Americans Hispanics people with unusual medical conditions and residents of remote areas among others. See acast.com/privacy for privacy and opt-out information.