School Jokes

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A blonde went to a flight school insisting she wanted to learn to fly. As all the planes were currently in use, the owner agreed to instruct her by radio on how to pilot the solo helicopter. He took her out, showed her how to start it and gave her the basics, and sent her on her way.
After she climbed 1000 feet, she radioed in. "I'm doing great! I love it! The view is so beautiful, and I'm starting to get the hang of this."
After 2000 feet, she radioed again, saying how easy it was to fly.
The instructor watched her climb over 3000 feet, and was beginning to worry that she hadn't radioed in. A few minutes later, he watched in horror as she crashed about half a mile away. He ran over and pulled her from the wreckage.
When he asked what happened, she said, "I don't know! Everything was going fine, but as I got higher, I was starting to get cold. I can barely remember anything after I turned off the big fаn!"
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An economist is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy.
Talk is cheap. Supply exceeds Demand.
Bentley's second Law of Economics: The only thing more dangerous than an economist is an amateur economist!
Berta's Fundamental Law of Economic Rents.. "The only thing more dangerous than an amateur economist is a professional economist."
Definition: Policy Analyst is someone unethical enough to be a lawyer, impractical enough to be a theologian, and pedantic enough to be an economist.
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 also missed, by a meter to the right. The third econometrician didn't fire, but shouted in triumph, "We got it! We got it!"
Q: How has French revolution affected world economic growth?
A: Too early to say.
Q: What do economists and computers have in common?
A: You need to punch information into both of them.
Q: Why does Treasury only have 10 minutes for morning tea?
A: If they had any longer, they would need to re-train all the economists.
Q: Did you hear of the economist who dove into his swimming pool and broke his neck?
A: He forgot to seasonally adjust his pool.
NATURAL RATE OF UNEMPLOYMENT: Newlan's Truism: An "acceptable" level of unemployment means that the government economist to whom it is acceptable still has a job.
Q: Why did the market economist cross the road?
A: To reach the consensus forecast.
Q: What does an economist use when calculating constant-dollar estimates?
A: Deflator mouse
Q: 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.
Q: How many mainstream economists does it take to change a light bulb?
A: Two. One to assume the existence of ladder and one to change the bulb.
Q: How many neo-classical economists does it take to change a light bulb?
A: It depends on the wage rate.
Q: How many conservative economists does it take to change a light bulb?
A: None. The darkness will cause the light bulb to change by itself.
Q: How many B-school doctoral students does it take to change a light bulb?
A: I'm writing my dissertation on that topic; I should have an answer for you in about five years.
Q: How many investors does it take to change a light bulb?
A: None - the market has already discounted the change.
Q: How many Keynesian economists does it takes to change a light bulb?
A: All. Because then you will generate employment, more consumption, dislocating the aggregate demand to the right.
Q: How many marxists does it take to sсrеw in a lightbulb?
A: None - the bulb contains within it the seeds of its own revolution.
When drawing up the guest list for a dinner party, inviting more than 25% economists ruins the conversation.
Economics is the painful elaboration of the obvious.
Q: How many economists does it take to change a light bulb?
A: Seven plus or minus ten.
Q: How many economists does it take to change a light bulb?
A: Irrelevant - the light bulb's preferences are to be taken as given.
Q: What's the difference between an economist and a befuddled old man with Alzheimer's?
A: The economist is the one with the calculator.
Q: What's the difference between economists and businessmen?
A: The first don't keep their feet on the ground; the latest use to keep their four feet in the ground
Given 1000 economists, there will be 10 theoretical economists with different theories on how to change the light bulb and 990 empirical economists laboring to determine which theory is the *correct* one, and everyone will still be in the dark.
Q: Why did God create economists?
A: In order to make weather forecasters look good.
Q: What does an economist do?
A: A lot in the short run, which amounts to nothing in the long run.
Two economists meet on the street.
One inquires, "How's your wife?"
The other responds, "Relative to what?"
To an economist, real life is a special case.
Q: How many economists does it take to change a lightbulb?
A: Eight. One to sсrеw it in and seven to hold everything else constant.
Economists have forecasted nine out of the last five recessions.
When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.
Econometrics is the art of drawing a crooked line from an unproved assumption to a foregone conclusion."
Q: Why has astrology been invented?
A: So that economy could be an accurate science.
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Four college friends were so confident that the weekend before finals, they decided to go up to Dallas and party with some friends up there. They had a great time.
However, after all the partying, they slept all day Sunday and didn't make it back to Austin until early Monday morning.
Rather than taking the final then, they decided to find their professor after the final and explain to him why they missed it.
They explained that they had gone to Dallas for the weekend with the plan to come back and study but, unfortunately, they had a flat tire on the way back, didn't have a spare, and couldn't get help for a long time. As a result, they missed the final.
The Professor thought it over and then agreed they could make up the final the following day. The guys were elated and relieved.
They studied that night and went in the next day at the time the professor had told them. He placed them in separate rooms and handed each of them a test booklet, and told them to begin.
They looked at the first problem, worth 5 points. It was something simple about free radical formation. "Cool," they thought at the same time, each one in his separate room. "This is going to be easy."
Each finished the problem and then turned the page. On the second page was written:
(For 95 points): Which tire?
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Three women go down to Mexico one night to celebrate college graduation. They get drunк and wake up in jail, only to find that they are to be executed in the morning, though none of them can remember what they did the night before.
The first one, a redhead, is strapped in the electric chair and is asked if she has any last words. She says, "I just graduated from Trinity Bible College and believe in the almighty power of God to intervene on the behalf of the innocent." They throw the switch and nothing happens. They all immediately fall to the floor on their knees, beg for forgiveness, and release her.
The second one, a brunette, is strapped in and gives her last words. "I just graduated from the Harvard School of Law and I believe in the power of justice to intervene on the part of the innocent." They throw the switch and again, nothing happens. Again they all immediately fall to their knees, beg for forgiveness and release her.
The last one, a blonde, is strapped in and says, "Well, I'm from the University of Texas and just graduated with a degree in Electrical Engineering, and I'll tell ya right now, ya'll ain't gonna electrocute nobody if you don't plug this thing in."
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Little David was in his 5th grade class when the teacher asked the children what their fathers did for a living. All the typical answers came up- fireman, policeman, salesman, doctor, lawyer...

David was being uncharacteristically quiet, so the teacher asked him about his father. "My father's an exotic dancer in a gаy cabaret and takes off all his clothes in front of other men and they put money in his underwear. Sometimes, if the offer's really good, he'll go home with some guy and make love with him for money."

The teacher, obviously shaken by this statement, hurriedly set the other children to work on some exercises and took little David aside to ask him, "Is that really true about your father?"

"No," said David, "he works for the Bush administration, but I was too embarrassed to say that in front of the other kids."
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