Economists...
CH156378
Posts: 1,539
An economist is someone who gets rich explaining others why they are poor.
The last severe depression and banking crisis could not have been achieved by normal civil servants and politicians, it required economists involvement.
Contagion: A strory demostrating the possible outcomes from interlinkages in the financial markets.
Two economists sit down to play chess. They study the board for 24 hours and declare a stale-mate.
Q: What does it take to be a good economist?
A: An unshakeable grasp of the obvious!
Q: What's the difference between mathematics and economics?
A: Mathematics is incomprehensible; economics just doesn't make any sense.
An economist is someone who didn't have enough personality to become an accountant.
Economics is extremely useful as a form of employment for economists.
Q: What's the difference between a finance major and an economics major?
A: Opportunity cost
The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They're both wrong.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. - Laurence J. Peter
A study of economics usually reveals that the best time to buy anything is last year. - Marty Allen
I don't think you can spend yourself rich. - George Humphrey
If all economists were laid end to end they would not reach a conclusion. - George Bernard Shaw
An economist is someone who knows the price of everything and the value of nothing.
Tariff -- A scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.
Economists are people who are too smart for their own good and not smart enough for anyone else's.
Economy -- Purchasing the barrel of whiskey that you do not need for the price of the cow that you cannot afford.
An economist is someone who doesn't know what he's talking about - and make you feel it's your fault.
The last severe depression and banking crisis could not have been achieved by normal civil servants and politicians, it required economists involvement.
Contagion: A strory demostrating the possible outcomes from interlinkages in the financial markets.
Two economists sit down to play chess. They study the board for 24 hours and declare a stale-mate.
Q: What does it take to be a good economist?
A: An unshakeable grasp of the obvious!
Q: What's the difference between mathematics and economics?
A: Mathematics is incomprehensible; economics just doesn't make any sense.
An economist is someone who didn't have enough personality to become an accountant.
Economics is extremely useful as a form of employment for economists.
Q: What's the difference between a finance major and an economics major?
A: Opportunity cost
The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They're both wrong.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. - Laurence J. Peter
A study of economics usually reveals that the best time to buy anything is last year. - Marty Allen
I don't think you can spend yourself rich. - George Humphrey
If all economists were laid end to end they would not reach a conclusion. - George Bernard Shaw
An economist is someone who knows the price of everything and the value of nothing.
Tariff -- A scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.
Economists are people who are too smart for their own good and not smart enough for anyone else's.
Economy -- Purchasing the barrel of whiskey that you do not need for the price of the cow that you cannot afford.
An economist is someone who doesn't know what he's talking about - and make you feel it's your fault.
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i.e., fw;fw;fw Economists...
thanks... :wave:
Empirical data and peer-reviewed research: one
Bumper sticker claptrap: zero
A little knowledge is a dangerous thing.
http://chrisauld.com/2011/10/15/myths-a ... conomists/
Have a super day!
What the hell does this have to do with Pearl Jam?
"Obviously not," says the other. "If there were, someone would have picked it up!"
filled with knowledge and good ideas
loved it the few times I've run into an economist in a bar makes for great conversation ...
the ones I've met, very grounded and even better great listeners.
FWIW I've never once heard your second "main criticism". As for your first, whether or not "predicting the future is impossible", many economists presume to do so, oftentimes poorly. If I presume to do something, but do it poorly, do I not deserve some criticism?
Personally, I don't believe that's what economists are for, not literally anyway. There's an implicit predictive quality in "understanding the past in order to guide the future", but that's not the same as "predicting the future". Economists, like any scientist, at their core, are just trying to understand causation. The difference is that the causal laws of economics by their very nature exert their influence more indirectly than those of physics or math.
You've touched on another important problem: comparing economics to hard sciences such as math and physics. Economics is a social science, not a laboratory one. One cannot control for variables in economics like in, say, chemistry because it happens in the real world, not the lab. Does deficit spending stimulate the economy? Perhaps, but since we don't have a parallel "non-stimulus control" against which to compare results in countries where stimulus was enacted, we can't know for certain. Hence the violent disagreements.
More importantly, doesn't the band seem tighter on this year's tour than perhaps any other? They are absolutely on fire! I predict - with certainty - a rocking South American tour!
The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."
Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."
Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says "What do you want it to equal?"
A: In order to make weather forecasters look good.