This blog post consist of so-called "jokes" about economists. According to boon pin, we have to differentiate our blog posts from others in order to reduce the cross-elasticity value. Thus, i decided to look for "inspirational" jokes about economics since it's the ECONOMICS WEEK! Are we excited or what? =D

DISCLAIMER: NO OFFENCE TO ANYONE, ANY ECONOMISTS AND ANY ECONOMICS TEACHER


A civil engineer, a chemist and an economist are traveling in the countryside. Weary, they stop at a small country inn. "I only have two rooms, so one of you will have to sleep in the barn," the innkeeper says. The civil engineer volunteers to sleep in the barn, goes outside, and the others go to bed.
In a short time they're awakened by a knock. It's the engineer, who says, "There's a cow in that barn. I'm a Hindu, and it would offend my beliefs to sleep next to a sacred animal." The chemist says that, OK, he'll sleep in the barn. The others go back to bed, but soon are awakened by another knock. It's the chemist who says, "There's a pig in that barn. I'm Jewish, and cannot sleep next to an unclean animal." So the economist is sent to the barn.
It's getting late, the others are very tired and soon fall asleep, Bu they're awakened by an even louder knocking. They open the door and are surprised by what they see: It's the cow and the pig!


Three economists and three mathematicians were going for a trip by train. Before the journey, the mathematicians bought 3 tickets but economists only bought one. The mathematicians were glad their stupid colleagues were going to pay a fine. However, when the conductor was approaching their compartment, all three economists went to the nearest toilet.
The conductor, noticing that somebody was in the toilet, knocked on the door. In reply he saw a hand with one ticket. He checked it and the economists saved 2/3 of the ticket price.
The next day, the mathematicians decided to use the same strategy- they bought only one ticket, but economists did not buy tickets at all! When the mathematicians saw the conductor, they hid in the toilet, and when they heard knocking they handed in the ticket. They did not get it back.
Why? The economists took it and went to the other toilet.


An economist is someone who doesn't know what he's talking about - and make you feel it's your fault.


Experienced economist and not so experienced economist are walking down the road. They come across a pile of horse manure lying on the asphalt.
Experienced economist: "If you eat it I'll give you $20,000!"Not so experienced economist runs his optimization problem and figures out he's better off eating it so he does and collects money.
Continuing along the same road they come across another pile of horse manure.
Not so experienced economist: "Now, if YOU eat this I’ll give YOU $20,000."After evaluating the proposal experienced economist eats it and collects the money.
They go on.
The not so experienced economist starts thinking: "Listen, we both have the same amount of money we had before, but we both ate horse manure. I don't see us being better off."
The experienced economist replies "Well, that's true, but you overlooked the fact that we've been just involved in $40,000 of trade."



Value of human capital

Engineers and scientists will never make as much money as business executives. Now a rigorous mathematical proof that explains why this is true:

Postulate 1: Knowledge is Power.
Postulate 2: Time is Money.

As every engineer knows,

Work
---------- = Power
Time

Since Knowledge = Power, and Time =Money, we have

Work
--------- = Knowledge
Money

Solving for Money, we get:

Work
----------- = Money
Knowledge

Thus, as Knowledge approaches zero, Money approaches infinity regardless of the Work done.
Conclusion: The Less you Know, the more money you Make.


An economist is someone who gets rich explaining others why they are poor.


Q: Why is advice so cheap?
A: Because supply always exceeds demand.


FOREVER LOVED GP REP,
KOKMAYMAY.