Giving presents

Is giving presents is a waste of money?According to one economist, we blow a whopping $25 billion worldwide each year on unwanted presents. Business Daily discusses the economics of gift giving. Justin Rowlatt hosts a discussion between Tim Harford, the Financial Times' "Undercover Economist" and Joel Waldfogel from Carlson School of the University of Minnesota and the author of the book Scroogenomics.

Also we explore the world of ethical presents and discover why you should never give a clock in China.