Shared Items for the week of December 21, 2009*

The times they are a-changin’.

This post seems to be older than 10 years—a long time on the internet. It might be outdated.

* Q: Wha? A: Every week I go through about 1000 posts on my RSS feed. These are ones that I thought worth sharing. You can find previous Shared Items here.

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1 thought on “Shared Items for the week of December 21, 2009*”

  1. The following article speaks to the economic fallacy upon which the book referenced in “The Old New Thing: The economic inefficiency of gift-giving” is predicated: http://mises.org/daily/3953

    The main point is that value is subjective, and you can’t compare the value assessment of the giver to that of the recipient. If the giver thinks the gift is worth more than $20 (he will pay $20 for the gift), then it doesn’t matter if the recipient values it differently.

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