Economist Jokes / Recent Jokes

Q: What's the difference between economists and businessmen?
A: The first don't keep their feet on the ground; the latest use to keep their four feet in the ground

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?"

An economist was about to give a presentation in Washington, DC on the problems with Black-Scholes model of option pricing and was expecting no more than a dozen of government officials attending. To his amazement, when he arrived, the room was packed with edgy, tough-looking guys in shades. Still, after five or so minutes into the presentation all of them stood up and left without a word. The economist found out only later that his secretary ran the presentation through a spell-checker and what was “The Problem with Black-Scholes” became “The Problem with Black Schools”.

Two men are flying in a captive balloon. The wind is ugly and they come away from their course and they have no idea where they are. So they go down to 20 m above ground and ask a passing wanderer. "Could you tell us where we are?"
"You are in a balloon."
So the one pilot to the other:
"The answer is perfectly right and absolutely useless. The man must be an economist"
"Then you must be businessmen", answers the man.
"That's right! How did you know?"
"You have such a good view from where you are and yet you don't know where you are!"

When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.

The following is supposedly a true story.An economist was about to give a presentation in Washington, DC on the problems with Black-Scholes model of option pricing and was expecting no more than a dozen of government officials attending.To his amazement, when he arrived, the room was packed with edgy, tough-looking guys in shades. Still, after five or so minutes into the presentation all of them stood up and left without a word.The economist found out only later that his secretary ran the presentation through a spell-checker and what was "The Problem with Black-Scholes" became "The Problem with Black Schools".

"Give me a one-armed economist!" demanded President Harry S. Truman.
President Truman was the first president to appoint a council of economic advisers. Unlike some later presidents, he actually liked to liste n to his policy advisers. However, he preferred a clear recommendation, not a long discussion of the advantages a nd disadvantages of a particular course of action.
He quickly grew tired of economist who gave a good recommendation, and then began, "O n the other hand.. . "