Here is a very humorous two-page paper that was published in the Journal of Political Economy in November/December, 1970 (vol. 78, no. 6) by John Siegfried, entitled, "A First Lesson in Econometrics." This farsical proof that 1+1=2 should be simplified into something much more complex appears in the same issue alongside serious papers by Robert Barro, Martin Feldstein, Paul Samuelson, and Milton Friedman. It is a healthy thing for the profession to laugh at itself once in awhile (see Krugman (1978) paper below). Thanks to Jason Debacker for bringing this paper to my attention.
"A First Lesson in Econometrics"
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Authors
- Richard W. Evans is an Assistant Professor of Economics at Brigham Young University
- Jason DeBacker is a Washington, D.C. economist.