Tuesday, October 30, 2007

You might be an economist if...

...you refuse to sell your children because you think they'll be worth more later.

...you can translate plain English into incomprehensible gibberish.

...you think that "supply and demand" is a good answer to the question, "Where do babies come from?"

...you plan to have your children born in December instead of January in order to maximize the discounted present value of the child tax credit.

...you understood that last joke.

...any of the following phrases has ever come to mind in a romantic situation: "joint utility maximization", "not tonight, honey, I have an externality", "diminishing marginal product of labor".

...you've spent your whole career at a university or other public sector job talking about how great the private sector is.

...you've ever written a romance novel that included the following paragraph: "I put my left hand on her shoulder. I put my right hand on the small of her back. I put my invisible hand on her thigh."

... you never tip the waitress more than 6.45% because you have a precise understanding of just how our economy can suffer a burst of inflation is she went out to buy new shoes. (Terence Kelley, Nebraska)


From Yoram Bouman, the stand-up economist

He has a longer list, but above are the ones made MM and me laugh most.

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