There are many good jokes about economists. To understand this profession better one has to hear some of the jokes: When Albert Einstein died, he met three New Zealanders in the queue outside the Pearly Gates. To pass the time, he asked what were their IQs. The first replied 190. Wonderful, exclaimed Einstein. We can discuss the contribution made by Ernest Rutherford to atomic physics and my theory of general relativity. The second answered 150. Good, said Einstein. I look forward to discussing the role of New Zealands nuclear-free legislation in the quest for world peace. The third New Zealander mumbled 50. Einstein paused, and then asked, So what is your forecast for the budget deficit next year? (Adapted from Economist June 13th 1992, p. 71).
Posted on: Fri, 22 Nov 2013 05:03:10 +0000