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Two tigers were stalking through the jungles of Asia. Suddenly, the one to the rear reached out with his tongue, and licked the posterior of the tiger in front of him. The startled front tiger turned and said, "Cut it out." The rear tiger apologized, and they continued onward. About five minutes later, it happened again. The front tiger turned, growling, "I said stop it." The rear tiger again apologized, and they continued. Another five minutes passed, and again the front tiger felt the unwanted tongue. The front tiger turned, giving the rear tiger a ferocious glare, angrily hissing, "What is it with you?" The rear tiger replied, "I'm sorry, I really didn't mean to offend you. But I just ate a lawyer and I'm trying to get the taste out of my mouth!"
A snake and a rabbit were racing along a pair of intersecting forest pathways one day, when they collided at the intersection. They immediately began to argue with one another as to who was at fault for the mishap.
When the snake remarked that he had been blind since birth, and thus should be given additional leeway, the rabbit said that he, too, had been blind since birth. The two animals then forgot about the collision and began commiserating concerning the problems of being blind.
The snake said that his greatest regret was the loss of his identity. He had never been able to see his reflection in the water, and for that reason did not know exactly what he looked like, or even what he was. The rabbit declared that he had the same problem. Seeing a way that they could help each other, the rabbit proposed that one feel the other from head to toe, and then try to describe what the other animal was.
The snake agreed, and started by winding himself around the rabbit. After a few moments, he announced, "You've got very soft, fuzzy fur, long ears, big rear feet, and a little fuzzy ball for a tail. I think that you must be a bunny rabbit!"
The rabbit was much relieved to find his identity, and proceeded to return the favor to the snake. After feeling about the snake's body for a few minutes, he asserted, "Well, you're scaly, you're slimy, you've got beady little eyes, you squirm and slither all the time, and you've got a forked tongue. I think you're a lawyer!"
A woman went to her doctor for advice.
She told the physician that her husband had developed a penchant for аnаl sеx, and she wasn't sure it was such a good idea.
The Doctor asked, "Do you enjoy it?"
She said that she did. He asked, "Does it hurt you?"
She said no.
The Doctor then told her, "Well, then, there's no reason that you shouldn't practice аnаl sеx, if that's what you like, so long as you take care not to get pregnant."
The woman was mystified.
She asked, "You can get pregnant from аnаl sеx?"
The Doctor replied, "Of course.
Where do you think lawyers come from?"
There was a blonde who was sitting next to a lawyer on an airplane.
The lawyer was naturally bored, so he kept bugging the blonde to play a game of intelligence with him.
The blonde was reluctant, so the lawyer offered her 10 to 1 odds.
He told her that every time she could not answer his question, she owed him $5, but every time he could not answer hers, he'd give her $50.
The lawyer figured the blonde was so dumb, he could not lose, and the blonde thought for a few minutes and reluctantly accepted to play his game.
The lawyer fires his first question "What is the distance between the Earth and the nearest star?"
Without saying a word the blonde handed him $5.
The blonde then asked the lawyer "What goes up a hill with 3 legs and comes back down the hill with 4 legs?"
The lawyer's face looked extremely puzzled.
He spent several hours, looking up everything he could on his laptop and even placing numerous air-to-ground phone calls trying to figure out the answer.
Finally, the angry and frustrated lawyer handed the blonde $50.00.
The blonde put the $50 into her purse quickly without saying a word.
The lawyer was outraged at this point and asked, "Well, what is answer?"
The blonde glanced at him with a smirk on her face and handed him a $5 bill.
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.
I just got invited to my first high school reunion. I want to show up as the first thing I wanted to be when I was younger. Wouldnt that be cool if you showed up, and everybodys like, Hey, hows it going, Nick? Yeah, its me, Bob, remember? Yeah, Im a real estate agent now, and Ive got my own company. Jims a lawyer, and hes got his own firm. So, what are you doing? I am a ninja. I rule the night.
One day, a guy went into a store, just browsing.
He suddenly saw a statue of a rat made of bronze, and thought that it was interesting. He decided to buy it, and so he did.
The guy walked out of the store, carrying the statue in his arms. Suddenly some rats started following him.
He shrugged it off, and continued on his way.
As he walked along, more and more rats started following him, until all the rats in the city were behind him.
He suddenly realized that it was the statue that was doing this.
He headed towards the bay that resided next to the city, and threw the statue in. The rats followed, not caring about their immediate deaths.
The guy ran back to the store, and when he reached it, the store owner said, "No refunds".
The guy shook his head, and said, "No, no, I was wondering if you had any statues like the one I bought, only, shaped like a lawyer."