Recently in economic jokes Category

This article appears in print tomorrow, November 29th, 2011 in the Deseret News.

Several years ago I heard a joke about two macroeconomists who went hunting with a non-economist colleague.  As they tracked a deer up a slope and over the crest of a hill, they noticed it edge into a clearing, making a perfect silhouette on the horizon.  Within heartbeats of each other the two economists fired.  One missed by ten feet to the right and the other missed by ten feet to the left.  The deer ran off immediately, unharmed and the two men yelled in joy and began to hive five and slap each other on the back.  Their colleague asked how they could be so excited when they had both missed by a substantial margin.  They replied. "Yes, we missed.  But on average we hit him right between the eyes!"

From the archives of Conan O’Brien:

You must read Greg Mankiw's post from today entitled, "First-year Grad Student Wins Nobel Prize in Economics!" And please do it in the following order. First read what Mankiw wrote about young Quintus Pfuffnick winning the Nobel Prize in Economics (not really). Then click on the link to the AP story about the Nobel Peace Prize award. Well played, Greg.

Here is a fun little video parody from (Thanks to Jason for the link.)

Dilbert: Not sugar coated

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My 9-year-old son showed me this today, and we laughed our heads off together.

Greg Mankiw posted this video sketch yesterday from The Daily Show on a major signal that the housing market has not yet stabilized. Hilarious! My favorite part is when Robert Shiller starts giving advice on how Geithner should redecorate his bathroom.

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Political HumorJoke of the Day
Mark Showalter sent me a link to this article in Roll Call last week describing how Democrats blocked House Republicans from mailing the diagram below to their constituents. The diagram below was created by the staff of Rep. Kevin Brady (R-TX) and the Republican staff of the Joint Economic Committee. I thought that this diagram was a funny enough caricature to include on the economic jokes page. However, despite the expansive, complicated, government-private, heavily regulated nature of both current and proposed U.S. health care, ours is probably the most privatized system of all developed countries.

My son found this for me in today's Sunday comics.


Why newborns cry

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(Thanks to Mary Hokanson for sending me this.)

SNL on Leverage

Ran (Rani) Spiegler is a Professor in the Department of Economics at University College London who specializes in game theory and industrial organization. He has a great economics jokes page on his website entitled "Quasi-economics." Most of the links are to satyrical pieces that he has authored. My favorites are "How (not) to write an NSF Grant," a piece about world population per capita, and the Ariel Rubinstein Seminar Comment Generator (ARSECOG). The last paper is particularly funny for anyone who has attended a seminar presentation of an economic theory paper.

(Thanks to Scott Findley for pointing me to this.)
Val Lambson pointed me to this great video of comedian Louis CK on the Conan O'Brien show on 10/2/08. The economic content of the video is that technology has progressed so quickly in recent years, but our baseline utility (happiness) adjusts almost immediately. One of my favorite lines is, "how quickly the world owes him something he knew existed only 10 seconds ago."

Greg Mankiw posted this SNL video of Timothy Geithner commenting on the outcomes of the Treasury's stress tests of the American banking system.

Obama's standup bit

Greg Mankiw posted this video of Barack Obama doing 16 minutes of comedy at the White House correspondents dinner on May 9, 2009 ("the 10-day anniversary of my first 100 days"). I think he closes with a pretty nice commentary about the American press.

Yoram Bauman AEA performance

I reported on the AEA humor session back in January. This video contains portions of Yoram Bauman's performance. I was sitting on the front row, just to the right of what the camera frame was showing. Enjoy.

Marmaduke Likes Economics

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Thumbnail image for 278982.full.gifThanks to Mrs. D, who's not sure the guys on TV understand economics either, for the pointer.  She found this on the excellent Joe Mathlete Explains Today's Marmaduke blog, which had the following caption for the above cartoon:

Marmaduke creator Brad Anderson has a dim awareness that something significant is going on in the news lately with economics, and he might as well try to write a comic strip about it.

Cookie and Ernie do Bernie

Thanks to Kerk for sending me this link and to the folks at Jimmy Kimmel for creating it.

More great TV


What a smart show- I need to start watching more TV.  South Park picks up on Higgs' "regime uncertainty" and all of Taylor's recent arguments against current monetary and fiscal policy:

Madoff with commodity money


Greg Mankiw posted this link yesterday (3/17/09, St. Patrick's Day) to another funny Flash video from the folks at JibJab--Leprechaun Bailout.
This cartoon appeared in the Wall Street Journal today. (Thanks Kerk.)


McDonalds value menu

(Calculated risk posted a variant of this joke today.)

"McDonalds just added another item to its $1 value menu... Citigroup stock!"

Adjusting retirement dates

A student of mine sent me this cartoon.


Great (sad) bumper sticker

A student of mine sent me this bumper sticker.

Here are some of my favorite cartoons about President Obama's nominees and their tax problems. (Thanks to Mary Hokanson for sending these to me.)


Underemployed or Overeducated?

A good one from the New Yorker:


The Stimulus Game

Long or Short Capital make an excellent analogy.

Habit persistence in 415 B.C.

(Kerk Phillips made my morning when I arrived at work today by telling me his discovery of the earliest example of habit persistence that he has ever heard of. The following is taken directly from Kerk's blog.)

"Habit persistence is a relatively new idea in economics and finance which argues that people's utility or sense of well-being rises with a rise in consumption only in the short-run. In the long-run, people become accustomed to higher levels of consumption and these new higher levels yield the same amount of utility as the lower ones did in the past."

"This is not a new concept, however. Last night while reading The Trojan Women, a play by Euripedes dating from 415 B.C., I ran across the following lines spoken by Andromache, Hector's wife, who is discussing the death of another woman, a former princess of Troy."

Andromache: But if the choice is between a miserable life, mother, if it is between a miserable life and death, death is preferable. Because the dead feel no misery and they know nothing of grief, whereas for the living mortals, if a happy woman falls into misery she must deal with the memory of the joy she previously enjoyed. Her soul seeks the joys of the past.
John Cochrane had the following great quote in his insightful article, "Fiscal Stimulus, Fiscal Inflation or Fiscal Fallacies?"

"Others say that we should have a fiscal stimulus to 'give people confidence,' even if we have neither theory nor evidence that it will work. This astonishingly paternalistic argument was tried once with the TARP. Nobody could say how it would work in any way that made sense, but it was supposed to be important do to something grand to give people 'confidence.' You see how that worked out. Public prayer would work better and cost a lot less."

We have commented before on John Cochrane's uncanny ability to deliver biting rebuttals when challenged.

(Thanks to Mark Showalter for sending me this.)