“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.”
― John Maynard Keynes
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”
― Sam Ewing
“If God had meant there to be more than two factors of production, He would have made it easier for us to draw three-dimensional diagrams.”
― Robert Solow
“Economists are pessimists: they've predicted 8 of the last 3 depressions.”
― Barry Asmus
A mathematician, an accountant and an economist apply for the same job.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?”
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?”