Category Archives: Humor

Economic Systems Defined

CAPITALISM: You have two cows. You sell one and buy a bull. FASCISM: You have two cows. The State takes both of them and sells you the milk, and you cannot refuse to buy. SOCIALISM: You have two cows. The state takes one and gives it to someone else. COMMUNISM: You have two cows. The… Read More »

Economists are asked a question about a shortage

In the late 1970s, economists from around the world were visiting a South American nation for a conference. After one of the sessions, four of them  –  a Pole, a Soviet, a Texan, and a New Yorker  –  walked out together to get some lunch. An excited young newspaper reporter approached them, and tried to… Read More »

A frog called out to an economics student

An economics graduate student was crossing a road one day when a frog called out to him and said, “If you kiss me, I’ll turn into a beautiful princess.” He bent over, picked up the frog and put it in his pocket. The frog spoke up again and said, “If you kiss me and turn… Read More »

God’s real profession

An economist, a philosopher, a biologist, and an architect were arguing about what was God’s real profession. The philosopher said, “Well, first and foremost, God is a philosopher because he created the principles by which man is to live.” “Ridiculous!” said the biologist “Before that, God created man and woman and all living things so… Read More »

The Laws of Economists

The First Law of Economists: For every economist, there exists an equal and opposite economist. The Second Law of Economists: They’re both wrong.

Three econometricians went out hunting

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 missed by a meter to the right. The third econometrician didn’t fire but shouted in triumph, “We got it! We got it! On average, we got!”