Q: How has French revolution affected world economic growth?
A: Too early to say.

Q: Why does Treasury only have 10 minutes for morning tea ?
A: If they had any longer, they would need to re-train all the economists.

Q: Did you hear of the economist who dove into his swimming pool and broke his neck?
A: He forgot to seasonally adjust his pool.

Q: Why did the market economist cross the road?
A: To reach the consensus forecast.

Q: How many Chicago School economists does it take to change a light bulb?
A: None. If the light bulb needed changing the market would have already done it.

Q: How many mainstream economists does it take to change a light bulb?
A1: Two. One to assume the existence of ladder and one to change the bulb.
A2: Two. One to assume the existence of latter and one to change the bulb.

Q: How many neo-classical economists does it take to change a light bulb?
A: It depends on the wage rate.

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 !!!
A6. None; they’re all waiting for the unseen hand of the market to correct the lighting disequilibrium.

Q: How many Wharton MBAs does it take to change a light bulb?
A: Only one, if you hire me. I can actually change the light bulb by myself. As you can see from my resume, I’ve had extensive experience changing light bulbs in my previous positions. I’ve also been named to the Wharton Light Bulb list, and am presently a teaching assistant for Light Bulb Management 666. My only weakness is that I’m compulsive about changing light bulbs in my spare time.

Q: How many B-school doctoral students does it take to change a light bulb?
A: I’m writing my dissertation on that topic; I should have an answer for you in about 5 years.

Q: How many investors does it take to change a light bulb?
A: None – the market has already discounted the change.