Economist Jokes...

Today's Handelsblatt had, for the first time in human memory, a couple of jokes about economists that I thought I'd share...


Five arguements for studying economics:

1) when you're unemployed, you know why

2) You can talk about money without actually having any

3) when you're out drinking, you can justify continuing to drink as long as possible in order to find out the marginal utility of the last drink

4) You earn your money telling other people why they don't have any

5) Economists are dangerous and deadly: you cannot observe their "hidden hand"


Not so bad.

Aphorisms

An economist is someone who doesn't have an inkling of what he is talking about, yet manages to convince those listening to him that they are too dumb to understand him.

Economics is the most painful way of stating the obvious.

All models are wrong, but some are useful.


And as an aside: I've been on the other side of the table interviewing people for jobs, and you'd be really surprised what sort of people applying for jobs with "modelling experience".

If ANY of them had had even the tiniest qualification in econometrics, we'd have hired them in a moment. But their greatest qualities... sorry, won't go there.

And here is the link to the classic economist jokes page.

And here's another classic: How many economists does it take to change a light bulb? None: if it needed changing, the market would have done so.