A Funny Economist
No, it’s not an oxymoron. Here’s a hilarious video on the “principles of economics, translated.”
Great line: “Microeconomists are people who are wrong about specific things, and macroeconomists are wrong about things in general.” — though it turns out that line is a paraphrase of a line from P. J. O’Rourke’s, Eat the Rich.
Off topic? No — as the comic’s website explains, “When not performing stand-up, he consults on climate change and other environmental economics issues and teaches at the University of Washington.”
July 23rd, 2007 at 1:44 pm
I heard Milton Friedman use this line in the late seventies and wouldn’t be surprised if someone sourced John Kenneth Galbraith. As Yogi Berra used to say, “90% of hitting is half mental.”