Laughs -- Economist In Spot

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Man

@Manzz

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Posted: 17 years ago

Laughs

Hello

They say laughter is the best medicine, after all.

A true story:

"I heard this from one of my professors. To protect him, no names will be revealed.

This professor was about to get married. He went to the jewelers to get a wedding ring for his fiancee. The jeweler told him that he can have the inside of the ring engraved with the name of his fiancee for an additional $20 (remember, this was a LONG time ago). He said, "But that will reduce the resale value!" The jeweler was aghast. He said, "How can you say such a thing. You are a butcher!" "No," replied the professor, "I am an economist"."

Told by Tapen Sinha, PhD

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Man

@Manzz

Coolbie

+ 5

Posted: 17 years ago

Laughs

Hello

They say laughter is the best medicine, after all.

Top 10 Reasons To Study Economics

1. Economists are armed and dangerous: "Watch out for our invisible hands."
2. Economists can supply it on demand.
3. You can talk about money without every having to make any.
4. You get to say "trickle down" with a straight face.
5. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
6. When you are in the unemployment line, at least you will know why you are there.
7. If you rearrange the letters in "Economics ", you get "Comic Nose".
8. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
9. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
10. When you call 1-900-Luv-Econ and get Kandi Keynes, you will have something to talk about.

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Man

@Manzz

Coolbie

+ 5

Posted: 17 years ago

Laughs

Hello

They say laughter is the best medicine, after all.

An economic forecaster was known to have an horseshoe prominently displayed above the door frame of his office. Asked what it was for, he replied that it was a good luck charm that helped his forecasts. But do you believe in that superstition? he was asked, and he said, "Of course not!" But then why do you keep it? "Well," he said, "it works whether you believe in it or not."

The story is actually told about a non-economist, Danish Nobel prize winner Niels Bohr.

Since the publication of the joke I've been told that Bohr actually said that *he had been told* that it works whether...

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Man

@Manzz

Coolbie

+ 5

Posted: 17 years ago

Laughs

Hello

They say laughter is the best medicine, after all.

Economics has gotten so rigorous we've all got rigor mortis.
Presumably said by Kenneth Boulding

A possible correction by Mike: Kenneth Boulding said, "Mathematics brought rigor to Economics. Unfortunately, it also brought mortis."

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Man

@Manzz

Coolbie

+ 5

Posted: 17 years ago

Laughs

Hello

They say laughter is the best medicine, after all.

Economist poem

If you do some acrobatics

with a little mathematics

it will take you far along.

If your idea's not defensible

don't make it comprehensible

or folks will find you out,

and your work will draw attention

if you only fail to mention

what the whole thing is about.

Your must talk of GNP

and of elasticity

of rates of substitution

and undeterminate solution

and oligonopopsony.

Kenneth E. BOULDING

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Man

@Manzz

Coolbie

+ 5

Posted: 17 years ago

Laughs

Hello

They say laughter is the best medicine, after all.

Q. What do economists and computers have in common ??

A. You need to punch information into both of them.

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Laughs -- Economist In Spot

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