Category Archives: joke

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

😉 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  

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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 rip 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! 😉 *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr

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The ‪‎joke‬ goes like this: A ‪physicist‬, an ‪‎engineer‬ and an ‪economist‬ are stranded in the desert…

With love to ‪‎economists‬ 🙂 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 … Continue reading

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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

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