Tuesday, December 25, 2007

How Economists See Christmas

Peter Klein points to these Christmas classics:

It’s that magical season, time to enjoy your favorite Christmas classics — not The Night Before Christmas or It’s a Wonderful Life, but “In Defense of Scrooge” and “Economics of Santa’s Workshop” by Michael Levin from the old Free Market newsletter. Steve Landsburg’s 2004 piece on Scrooge is not as penetrating as Levin’s, but who can disagree with his conclusion: “Its taxes, not misers, that need reforming.”

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