Most of you would probably have seen these already, but someone just emailed them to me -- some economist jokes. Some funny, some not. --Chirag Here they are: -------------- Paul Krugman: My MIT colleague Robert Solow once remarked of another Nobel laureate, "[One] difference between Milton and myself is that everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper." Hmmm ... what does that say about me? -------------- TOP TEN ECONOMIST VALENTINES >10. YOU RAISE MY INTEREST RATE THIRTY BASIS POINTS WITHOUT A CORRESPONDING >DROPOFF IN CONSUMER ENTHUSIASM >9. DESPITE A DECADE OF INFLATION, I STILL DIG YOUR SUPPLY CURVE >8. WHAT DO YOU SAY WE REMEASURE OUR CROSS-ELASTICITY >7. YOU BRING THE BUTTER, I'LL BRING THE GUN >6. LET'S RAISE HOUSING STARTS TOGETHER >5. FURTHER STIMULUS COULD RESULT IN UNCONTROLLED EXPANSION >4. TELL ME WHETHER MY EXPECTATIONS ARE RATIONAL >3. LET'S ASSUME A RITZY HOTEL ROOM AND A BOTTLE OF DOM >2. YOU STOKE THE ANIMAL SPIRITS OF MY MARKET >1. A LOAF OF BREAD, A JUG OF WINE, AND THOU BESIDE ME WATCHING RUKEYSER ----------- LIGHT BULB JOKES 1. How many Chicago School economists does it take to change a light bulb? A: None. If the light bulb needed changing the market would have already done it. 2. How many mainstream economists does it take to change a light bulb? A1: Two. One to assume the existence of ladder and one to change the bulb. A2: Two. One to assume the existence of latter and one to change the bulb. 3. How many neo-classical economists does it take to change a light bulb? A: It depends on the wage rate. 4. How many conservative economists does it take to change a light bulb? A1: None. The darkness will cause the light bulb to change by itself. A2: None. If it really needed changing, market forces would have caused it to happen. A3: None. If the government would just leave it alone, it would screw itself in. A4. None. "There is no need to change the light bulb. All the conditions for illumination are in place. A5. None, because, look! It's getting brighter! It's definitely getting brighter !!! A5. None; they're all waiting for the unseen hand of the market to correct the lighting disequilibrium. 5. How many Keynesian economists does it takes to change a light bulb? A:All. Because then you will generate employment, more consumption, dislocating the AD (agg. demand) to the right,... 6. How many central bank economists does it take to screw in a lightbulb? A: Just one -- he holds the lightbulb and the whole earth revolves around him. Economists do it with models - 7. How many economists does it take to change a light bulb? A: Irrelevant - the light bulb's preferences are to be taken as given. 8. What does an economist do? A. A lot in the short run, which amounts to nothing in the long run. 9. Two economists meet on the street. One inquires, "How's your wife?" The other responds, "Relative to what?" 10. To an economist, real life is a special case. 11. How many economists does it take to change a lightbulb? A: Eight. One to screw it in and seven to hold everything else constant. ------------- Economists have forecasted 9 out of the last 5 recessions. ------------- _________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
