An economist walks into a bar…ouch. I kid…luckily, Yoram Bauman, aka the Stand-Up Economist, is funnier than I am. Since today is Friday and people are probably tired of serious stuff, I figured I would provide some more lighthearted material for you. The back story: Greg Mankiw is an economics professor at Harvard who has a very popular Principles of Economics textbook. This textbook begins by outlining the Ten Principles of Economics, which serve as a helpful organizing framework for the rest of the material. Dr. Bauman (yes, he actually has a Ph.D. in economics) then took the liberty of translating these ten principles to a, well, more humorous format:
If you liked that, you can find Dr. Bauman’s web site here. (You can see more clips if you sign up for his mailing list.) There is also a YouTube clip of his stand up routine.
My favorite excerpt from the stand up routine: “You might be an economist if you go to a Chinese restaurant and open the fortune cookie and add ‘at the margin’ at the end of it.”