Friday 16 August 2013

/*A Bulb-el View of the Economic Schools*/

/*A Bulb-el View of the Economic Schools*/

Q: How many Keynesian economists does it take to change a light bulb? 
A: All. Because then you will generate employment, more consumption, dislocating the AD to the right.

Q: How many neo-classical economists does it take to change a light bulb?
A: It depends on the wage rate.

Q: How many Chicago School economists does it take to change a light bulb?
A: None. If the light bulb needed changing the market would have already done it.

Q: How many orthodox economists does it take to change a light bulb?
A: Two. One to assume the existence of ladder and one to change the bulb.

Q: How many conservative economists does it take to change a light bulb?
A: None. They are all waiting for the unseen hand of the market to correct the lighting disequilibrium.

Q; How many central bank economists does it take to screw in a light bulb?
A: Just one. He holds the light bulb and the whole earth revolves around him.

Q: How many environmental economists does it take to change a light bulb?
A: Eight. One to turn the light bulb and seven to do the environmental impact study.

Q: How many economists does it take to change a light bulb?
A: Shoot, you need a whole department of them just to prepare the research grant.

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