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
Q: What's the difference between a finance major and an economics major?
A: Opportunity cost
A study of economics usually reveals that the best time to buy anything is last year. - Marty Allen
And finally, a poem of economics
If you do some acrobatics with a little mathematics it will take you far along. If your idea's not defensible don't make it comprehensible or folks will find you out, and your work will draw attention if you only fail to mention what the whole thing is about. Your must talk of GNP and of elasticity of rates of substitution and undeterminate solution and oligonopopsony.
Monday, April 14, 2008
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