The back cover of "Journal of Political Economy" has published amusing stories about economist for a number of years now. Here is a random collection of a few jokes about economist.
An economist is someone who, when he finds something that works in practice, tries to make it work in theory.
If you laid all the economists in the world end to end, they still wouldn't reach a conclusion.
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Everyone has heard the old joke about the physicist, the architect, and the economist marooned on a desert island with a can of beans. The question was how to open the can. The physicist observed that the can could be placed on the fire. Eventually the heating of the can would create so much pressure that the can would explode and the beans could be retrieved. The architect thought that this would be a rather messy solution to the problem and suggested building a small enclosure around the fire. Then, when the can exploded, the beans would splatter on the walls of the enclosure, from which they could then be scraped. The economist had a better solution. First, he said, "Assume that we have a can opener ..."
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Back in the bad old days of the centrally-planned economy, people in the Soviet Union had long, long, waits to get all kinds of goods and services. For instance, there was the fellow who went to see the electrician to make arrangements for some repairs to an electrical appliance. The surly electrician pulled out a calendar and said, "I can't schedule you any time soon. In fact, my next open appointment is three years from today." The guy said, "Three years from today, eh? Well, can we make that in the afternoon?" The electrician, somewhat taken aback, said "Yes. But why in the afternoon?" Came the reply, "Well, you see, the plumber is coming in the morning."
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The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They're both wrong.
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Harry Truman, American President is alleged to have complained that he could never find a one-handed economist. Whenever he would pose a question for an economist, the response would be, "Well, Mr. President, on the one hand ... And then again, on the other hand ..."
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An economist is someone who, when he finds something that works in practice, tries to make it work in theory.
If you laid all the economists in the world end to end, they still wouldn't reach a conclusion.
----------------------------------------------------------------------------------------------------
Everyone has heard the old joke about the physicist, the architect, and the economist marooned on a desert island with a can of beans. The question was how to open the can. The physicist observed that the can could be placed on the fire. Eventually the heating of the can would create so much pressure that the can would explode and the beans could be retrieved. The architect thought that this would be a rather messy solution to the problem and suggested building a small enclosure around the fire. Then, when the can exploded, the beans would splatter on the walls of the enclosure, from which they could then be scraped. The economist had a better solution. First, he said, "Assume that we have a can opener ..."
----------------------------------------------------------------------------------------------------
Back in the bad old days of the centrally-planned economy, people in the Soviet Union had long, long, waits to get all kinds of goods and services. For instance, there was the fellow who went to see the electrician to make arrangements for some repairs to an electrical appliance. The surly electrician pulled out a calendar and said, "I can't schedule you any time soon. In fact, my next open appointment is three years from today." The guy said, "Three years from today, eh? Well, can we make that in the afternoon?" The electrician, somewhat taken aback, said "Yes. But why in the afternoon?" Came the reply, "Well, you see, the plumber is coming in the morning."
----------------------------------------------------------------------------------------------------
The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They're both wrong.
----------------------------------------------------------------------------------------------------
Harry Truman, American President is alleged to have complained that he could never find a one-handed economist. Whenever he would pose a question for an economist, the response would be, "Well, Mr. President, on the one hand ... And then again, on the other hand ..."
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