2 ms·
An economist and a normal person are walking down the street together. The normal person says “Hey, look, there’s a $20 bill on the sidewalk!” The economist rep
by ninjakeyboard 10y ago
An economist and a normal person are walking down the street together. The normal person says “Hey, look, there’s a $20 bill on the sidewalk!” The economist replies by saying “That’s impossible- if it were really a $20 bill, it would have been picked up by now.”
- wslh 10y agoNice joke, not trying to be like [1] but this would apply if there were more chances of finding $ 20 bills. [1] http://www.uh.edu/engines/epi879.htm http://www.uh.edu/engines/epi879.htm
- npezolano 10y agoAn economist from Chicago
- splintercell 10y agoCorrect: https://en.wikipedia.org/wiki/Efficient-market_hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis EDIT: FYI, not all pro-Free Market economists believe in EMH, Austrians for instance, have criticized Chicago school for this ridiculous theory.
- padseeker 10y agoThis comment is fantastic. I laughed out loud. The ivory tower exists for conservatives and liberals. And the Chicago comment is on point. I heard someone from U of Chicago School of Economics make the case that Payday lenders should not exist. If you go to U of C you'd know they do exist and they're about 1/4 of a mile off campus if you just left and looked around.