CAPITALISM: You have two cows. You sell one and buy a bull. FASCISM: You have two cows. The State takes both of them and sells you the milk, and you cannot refuse to buy. SOCIALISM: You have two cows. The state takes one and gives it to someone else. COMMUNISM: You have two cows. The… Read More »
In the late 1970s, economists from around the world were visiting a South American nation for a conference. After one of the sessions, four of them – a Pole, a Soviet, a Texan, and a New Yorker – walked out together to get some lunch. An excited young newspaper reporter approached them, and tried to… Read More »
An economics graduate student was crossing a road one day when a frog called out to him and said, “If you kiss me, I’ll turn into a beautiful princess.” He bent over, picked up the frog and put it in his pocket. The frog spoke up again and said, “If you kiss me and turn… Read More »
An economist, a philosopher, a biologist, and an architect were arguing about what was God’s real profession. The philosopher said, “Well, first and foremost, God is a philosopher because he created the principles by which man is to live.” “Ridiculous!” said the biologist “Before that, God created man and woman and all living things so… Read More »
The First Law of Economists: For every economist, there exists an equal and opposite economist. The Second Law of Economists: They’re both wrong.
Three econometricians went out hunting and came across a large deer. The first econometrician fired but missed by a meter to the left. The second econometrician fired but missed by a meter to the right. The third econometrician didn’t fire but shouted in triumph, “We got it! We got it! On average, we got!”
There were two liberal economists who were shipwrecked on a desert island. They had no money but over the next three years, they made millions of dollars selling their hats to each other.
Two men fall into a well. The first man is panicked and screams “We are doomed! We are going to die down here!” The second asks ,”How so?” “We fell 150 feet straight down. The walls are shear, with nothing to hold onto and climb. No one knows where we are, and there is no… Read More »
A man was sent to Hell for his sins. As he was being processed, he passed a room where an economist he knew was having an intimate conversation with a beautiful woman. “What a crummy deal!” The man complained. “I have to burn for all eternity and that economist spends it with that gorgeous woman.”… Read More »
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… Read More »