Economic Jokes

This page contains our favorite economics and economist jokes from various sources. We have tried to cite the source whenever possible. If you know of any economics jokes that are not listed below, please send them to either Rick or Jason. If they are good, we will post them. Enjoy.
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Detective Former Secretary of Labor Robert Reich
From the archives of Conan O’Brien:

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A “must read” from Mankiw: the Nobel Peace Prize
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 Reason.tv. (Thanks to Jason for the link.)

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Dilbert: Not sugar coated
My 9-year-old son showed me this today, and we laughed our heads off together.

Dilbert2009-09-20.png
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Housing, Geithner, and The Daily Show
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.

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Home Crisis Investigation
www.thedailyshow.com

Daily Show
Full Episodes Political Humor Joke of the Day
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Democrats’ Health Plan Diagram
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.

DemHealthPlan.png
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Dilbert: What do we have to worry about?
My son found this for me in today’s Sunday comics.

Dilbert2009-07-05.png
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Why newborns cry
BabiesPayStimulus.png(Thanks to Mary Hokanson for sending me this.)
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SNL on Leverage

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Rani Spiegler’s quasi-economics and ARSECOG
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.)
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Technological progress and habit persistence
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.”

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

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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.

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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.

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

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More great TV
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The Consensus in Economics Departments
6a00d83451eb0069e201156e9a5b7e970c.jpgHat tip to The Austrian Economists.

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South Park on the Responses to the Crisis
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:

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Madoff with commodity money
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St. Patrick’s Day Leprechaun Bailout
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.
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Dismal scientists must snap out of it
This cartoon appeared in the Wall Street Journal today. (Thanks Kerk.)

DismalScienceSnapOut.gif
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McDonalds value menu
(Calculated risk posted a variant of this joke today.)

“McDonalds just added another item to its $1 value menu… Citigroup stock!”