Funny Economics

Stand-up economist at Caroline's

Economics is not renowned for being a bundle of laughs. However , there are quite a lot of good Economics Jokes. I particularly like the top 8 reasons to study Economics

Economics Jokes

Q: Why did God create economists?

A: In order to make weather forecasters look good.

Q. What does an economist do?

A. A lot in the short run, which amounts to nothing in the long run.


1. You can talk about money without ever having to make any.

2. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.

3. When you are in the unemployment line, at least you will know why you are there.

4. If you rearrange the letters in “ECONOMICS”, you get “COMIC NOSE”.

5. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.

6. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.

7. You can’t be wrong; only subject to an unexpected asymmetric shock.

8. An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.


The First Law of Economists: For every economist, there exists an equal and opposite economist.

The Second Law of Economists: They’re both wrong.


The First Law of Economists: For every economist, there exists an equal and opposite economist.

The Second Law of Economists: They’re both wrong.


A party of economists was climbing in the Alps. After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun.

Finally, he said, ‘ OK see that big mountain over there?’

‘Yes’, answered the others eagerly.

‘Well, according to the map, we’re standing on top of it.’


When Albert Einstein died, he met three New Zealanders in the queue outside the Pearly Gates. To pass the time, he asked what were their IQs. The first replied 190. “Wonderful,” exclaimed Einstein. “We can discuss the contribution made by Ernest Rutherford to atomic physics and my theory of general relativity”. The second answered 150. “Good,” said Einstein. “I look forward to discussing the role of New Zealand’s nuclear-free legislation in the quest for world peace”. The third New Zealander mumbled 50. Einstein paused, and then asked, “So what is your forecast for the budget deficit next year?” (Adapted from Economist June 13th 1992, p. 71).


Q: How many conservative economists does it take to change a light bulb?

A1: None. The darkness will cause the light bulb to change by itself.

A2: None. If it really needed changing, market forces would have caused it to happen.

A3: None. If the government would just leave it alone, it would screw itself in.

A4. None. “There is no need to change the light bulb. All the conditions for illumination are in place.

A5. None, because, look! It’s getting brighter! It’s definitely getting brighter !!!


Q: How many Trotskyists does it take to change a lightbulb?

A: None. Smash it


Q; How many central bank economists does it take to screw in a lightbulb?

A: Just one — he holds the lightbulb and the whole earth revolves around him. Economists do it with models


Q: How many Marxists does it take to screw in a lightbulb?

A: None – the bulb contains within it the seeds of its own revolution.

A boy was crossing a road one day when a frog called out to him and said, “If you kiss me, I’ll turn into a beautiful princess.” He bent over, picked up the frog and put it in his pocket. The frog spoke up again and said, “If you kiss me and turn me back into a beautiful princess, I will stay with you for one week.” The boy took the frog out of his pocket, smiled at it, and returned it to his pocket. The frog then cried out, “If you kiss me and turn me back into a princess, I’ll stay with you and do ANYTHING you want.” Again the boy took the frog out, smiled at it and put it back into his pocket. Finally, the frog asked, “What is the matter? I’ve told you I’m a beautiful princess, that I’ll stay with you for a week and do anything you want. Why won’t you kiss me?” The boy said, “Look, I’m an economist. I don’t have time for a girlfriend, but a talking frog is cool.”

See also: Top 10 Reasons for studying economics


Source: Laurence J. Peter.

More Economics Jokes can be found at: Economics Jokes


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