Someone who wishes to remain anonymous writes:
Here’s a joke we used to tell about someone in econ grad school, a few decades ago.
Two economists were walking down the street. The first one says: “Isn’t that a $20 bill?” The second one says: “Can’t be. If it were, somebody would have picked it up already.” They walk a little farther, and the second economist says: “Isn’t that a pile of dogshit?” The first one says: “Can’t be. If it were, ** would have published it already.”
No, this is not about anyone we’ve ever blogged about. It’s just a great story.
Andrew: My favorite is Economics Joke #1:
Two Economists walk past a Porshe dealership. One says “I wish I had one of those roadsters.”
The other says, “Obviously not!”
Great Blog
Bill Drissel
Frisco, TX
Can you explain this one to the non-economists out there? :)
Revealed preferences. He would have the car already if he *really* wanted one.
Thanks!
Granted, economists certainly do account for budget constraints, but yes, this is WARP.
“The only function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith
(but lawyer jokes are more fun)
Not sure about the quote attribution. At least there is some disagreement:
https://www.oxfordreference.com/view/10.1093/acref/9780191826719.001.0001/q-oro-ed4-00017202
Economics small-talk:
Economist 1: How are you?
Economist 2: Relative to what?
Two psychoanalysts pass in the hallway.
Psychoanalyst 1: Good morning.
Psychoanalyst 2: Good morning.
A few moments later the psychoanalysts think to themselves:
Psychoanalyst 1: Hmmm. What did he mean by that?
Psychoanalyst 2: Hmmm. What did I mean by that?
Dr. Gelman, you’re a truly deep thinker. Don’t become a cynic. You are too good for that. I understand that you are frustrated.
Nono, we want Mad Max Andrew — furiously pedaling his bike through the Australian desert because some obscure clan of researchers didn’t publish their data.
Economist is self-isolating and has good supply of canned food but no can-opener. What does he do?
He assumes he has a can-opener.