Ten Principles Of Economics: Translated
Posted by Jonathan J. Miller -Friday, March 16, 2007, 11:27 AM
1 Comment
I first ran across Yoram Bauman’s name, in Daniel Gross’ NYT article: The Forecast for the Forecasters Is Dismal [NYT] and then in Freakonomics blog and Greg Mankiw’s Blog
Yoram K. Bauman, an economist who teaches at the University of Washington and performs stand-up comedy, summed up an often-used line: ”Macroeconomists have successfully predicted nine of the last five recessions.”
Bauman claim’s to be the world’s first and only standup economist.
He’s hilarious. It says a lot about the information that is pumped out into the public domain.
In college, the last question on my macro econ final was:
Which statement is true?
a. There is no such thing as a free lunch.
b. Look out or they’ll do it to you.
c. Them that has, gets.
d. All of the above.
Wow someone is actaully doing something with an Econ degree other than teaching econ.