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A woman hears from her doctor that she has only half a year to live. The doctor advises her to marry an economist and to live in South Dakota. The woman asks: will this cure my illness? The doctor replies: No, but the half year will seem pretty long.... Read More

Two government economists were returning home from a field meeting. As with all government travelers, they were assigned the cheapest seats on the plane so they each were occupying the center seat on opposite sides of the aisle. They continued their discussion of the knotty problem that had been the subject of their meeting through takeoff and meal service until finally one of the passengers in an aisle seat offered to trade places so they could talk and he could sleep. After switching se... Read More

4. You raise my interest rate thirty basis points without a corresponding dropoff in consumer enthusiasm. 3. Let's raise housing starts together. 2. You stoke the animal spirits of my market. 1. Despite your decade of inflation, I still love you.... Read More

Economics is ruining your life when... - I tried to calculate my 3 year old son's discount rate by seeing how many sweets he would require to be promised to him after dinner to be equivalent to one sweet before dinner - I spent one hour in a toy shop making up over 20 bundles of toys that could be purchased for $25 and then asked my son to select one of these bundles.... Read More

A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun. Finally he said, ' OK see that big mountain over there?' 'Yes', answered the others eagerly.... Read More

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