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An economics limerick

Folks came from afar just to see
Two Economists who’d agreed to agree.
While the event did take place,
It proved a disgrace;
They agreed one plus one adds to three.

A real story

One day, the professor who taught Money and Banking in Buenos Aires told us: “I do not know if you will find a job as economists, but am sure you will know why you are going to be poor”

A voice from history.

Not all Germans believe in God but they believe in the Bundesbank”

Jacques Delors former president of European Commission
in FT December 15,1998

A true story:

A game theorist was talking to a group of psychologists at a conference. The conversation turned to children. He said that he does not intend his children to get any money from him now that they are grown. “In fact, if I have so much as a penny to my name on the day I die, it will only be because I miscalculated my utility.”

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Two students of economics at lunch:

Student 1″ ‘Do you know what are the two most important degrees in economics?”
Student 2:”The MSc and the PhD?” Student 1:”No, the zeroth and the first!”

Phelson’s Law

Copying an idea from an author is plagiarism. Copying many ideas from many authors is… research !!

Seven habits that help produce the anything-but-efficient markets that rule the world by Paul Krugman in Fortune.

1. Think short term.
2. Be greedy.
3. Believe in the greater fool
4. Run with the herd.
5. Overgeneralize
6. Be trendy
7. Play with other people’s money

Question and Answer

Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent?
A: To prove they have a sense of humour.

Question and Answer

Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent?
A: To prove they have a sense of humour.

Question and Answer

Q: Why do social workers refuse to sleep with economists?
A: They have learned its a sunk cost.