Being St Patrick’s Day I thought it appropriate to look at some humour.
“Why was the Irish economist afraid of swimming? He was conscious of the liquidity trap.”
“How do you confuse an Irishman when trying to maximise his utility when purchasing two products? Put two shovels against the wall and tell him to take his pick.”
“What do you call it when an Irish economist has an idea? Moral Hazard”
“An Irishman said he saw a ghost. The Irish economist said it was just the invisible hand.”
“What’s the difference between Iceland’s economy and Ireland’s? One letter and six months”
“We all know what pareto optimal allocation means… What about Irish optimal allocation — when all persons are equally well off, and one person really gets it bad, worse off, while all the rest are much better off…”
“An Irish economist walks into a pizzeria to order a pizza. When the pizza is done, he goes up to the counter get it. There a clerk asks him: “Should I cut it into six pieces or eight pieces?” The Irish economist replies: “I’m feeling rather hungry right now. You’d better cut it into eight pieces.” (see the “Father Ted” version above)
“Why would Father Jack not make a good economist? There would always be massive inflation as his only policy would be to increase liquidity.”
ECONFIX 