December 20, 2016

The Economics of Christmas: The True Value of Christmas Presents

As the festive season approaches, it’s time for economists’ annual disquisition on the efficiency of gift-giving. This tradition was inaugurated, more than twenty years ago, by Joel Waldfogel, then at Yale University, who formalised the critique that non-cash presents are economically wasteful.
October 16, 2015


This week marks the first anniversary of EPICENTER. On 14th and 15th October 2014 we launched this initiative in Brussels with a number of distinguished speakers, including European Commission Vice-President Jyrki Katainen. That was our official birth, but the idea for an EU-focused coalition of independent free-market think tanks had been under development for much longer.