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Sakmongkol ak 47

Friday, 11 July 2008

The study of economics


I find it fitting the curve in this season of Sodom and Gomorrah- ing to share with readers some jokes on the economics profession.

Economists do it at bliss point

Economists do it cyclically

Economists do it in an Edgewoth box

Economists do it on demand

Economist do it risk-free

Economist do it with a dual

Economists do it with an atomistic competitor

Economists do it with crystal balls

Economists do it with interest

Economists do it with models

Econometricians do it if they can identify it

Applied econometricians do it even if they cant

Economists do it with Slutsky matrices

Economists do it discreetly and continuously

Economists do it on Leontief’s table.

Econometricians do it with dummies.


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