Gifts in kind are generally preferred to cash because gift-giving is a relationship transaction, not a financial one; cash or gift certificates are culturally inappropriate in many settings (a spouse's birthday, a dinner guest) precisely because they signal the absence of personal thought and care.

causalpending

Speaker

Russ Roberts

Evidence Quote

even if it's cheap so it's a bottle of wine that's seven dollars but that are you know I really like I think it cares about me

Source

Mike Munger on Love, Money, Profits, and Non-profits 04/19/2010EconTalk
Created: 6/17/2026, 10:31:45 AM

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