Category Archives: joke

Academic conferences — a true story ;-)

ūüėČ See more memories of these unique intellectual fetes here and here ūüôā ¬† *** Join¬†the¬†Economic Sociology and Political Economy community¬†via Facebook¬†/¬†Twitter¬†/¬†LinkedIn¬†/¬†Google+¬†/¬†Instagram¬†/¬†Tumblr Advertisements

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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

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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

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Marx, Karl Marx – a Business Classic

ūüėČ See also:¬†Piggy bank for Das Kapital made in the Image of ‚Ä™Karl ‚ÄéMarx‚Ĩ?! This is a blasphemy and sacrilegiousness!¬†ūüôā *** Join¬†the Economic Sociology and Political Economy community¬†via Facebook¬†/¬†Twitter¬†/¬†LinkedIn¬†/¬†Google+¬†/¬†Instagram¬†/¬†Tumblr  

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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

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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

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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! ūüėČ *** Join¬†the Economic Sociology and Political Economy community¬†via Facebook¬†/¬†Twitter¬†/¬†LinkedIn¬†/¬†Google+¬†/¬†Instagram¬†/¬†Tumblr

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The ‚Ä™‚Äéjoke‚Ĩ goes like this: A ‚Ä™physicist‚Ĩ, an ‚Ä™‚Äéengineer‚Ĩ and an ‚Ä™economist‚Ĩ are stranded in the desert…

With love to ‚Ä™‚Äéeconomists‚Ĩ ūüôā A ‚Ä™‚Äéphysicist‚Ĩ, an ‚Ä™‚Äéengineer‚Ĩ and an ‚Ä™‚Äéeconomist‚Ĩ 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 … Continue reading

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A ‚Ä™joke‚Ĩ from Mario Draghi, the President of the European Central Bank ;-)

A man needs a heart transplant. Says the doctor: ‚ÄúI can give you the heart of a five-year old boy.‚Ä̬†‚ÄúToo young.‚ÄĚ‚ÄúHow about that of a forty-year old investment banker?‚ÄĚ‚ÄúThey don‚Äôt have a heart.‚ÄĚ‚ÄúA seventy-five year old central banker?‚Ä̬†‚ÄúI‚Äôll take it!‚ÄĚ‚ÄúBut … Continue reading

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