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Category Archives: joke
Economics to Sociology Phrasebook
In 1990, two economics PhD students at University of Chicago, Jeffrey A. Smith and Kermit Daniel, got bored hanging out with their fellow tiresome economists and boldly decided to graze in new attractive fields. Sensibly skipping over political scientists and anthropologists, Smith and Daniel (the … Continue reading
Academic conferences — a true story ;-)
😉 See more memories of these unique intellectual fetes here and here 🙂 *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr
Economics of Simplism, or why some countries are rich and others poor
“The use of knowledge by one producer does not prevent its use by others. Thus there is no inherent reason that producers in poor countries cannot use the same knowledge as producers in rich countries. If the relevant knowledge is publicly available, poor countries … Continue reading
The Pretence of Knowledge
– They pretend to know. – Yes. – Yet they don’t know. – Correct. – And they get paid for this? – Paid well, too. – Man, I wanna be an economist!!! *** Join the Economic Sociology and Political Economy community via … Continue reading
Marx, Karl Marx – a Business Classic
😉 See also: Piggy bank for Das Kapital made in the Image of Karl Marx?! This is a blasphemy and sacrilegiousness! 🙂 *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr
Economist the Creator
A (too realistic) joke goes like this: A surgeon, an architect and an economist discussed whose job would be the oldest. The surgeon said it would be his job, because Eve was made of a rib from Adam. That was … Continue reading
The Art of Banking: a joke (i.e. an insight) from Wall Street
An old Wall Street joke tells about a junior financial journalist that naively asked the manager of investment banking division: “Why do customers keep buying mutual and provident funds despite their scant profits and low yields?” The senior financier amusedly looked … Continue reading
Economics of Simplism, or when real people ruin perfect economic models
from: Mankiw, Gregory. 2014. Principles of Economics. Cengage Learning. (P. 436) P.S. Homo Economicus should watch what he eats! 😉 *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr
The joke goes like this: A physicist, an engineer and an economist are stranded in the desert…
A physicist, an engineer and an economist are stranded in the desert. They are hungry and find a can of corn. They want to open it, but how? The physicist says: “Let’s start a fire and place the can inside … Continue reading
A joke from Mario Draghi, the President of the European Central Bank ;-)
A man needs a heart transplant. Says the doctor: “I can give you the heart of a five-year old boy.” “Too young.”“How about that of a forty-year old investment banker?”“They don’t have a heart.”“A seventy-five year old central banker?” “I’ll take it!”“But … Continue reading
