An economist returns to visit his old school. He’s interested in the current exam questions and asks his old professor to show some. To his surprise they are exactly the same ones to which he had answered 10 years ago! When he asks about this the professor answers: “the questions are always the same – only the answers change!”

An econometrician and an astrologer are arguing about their subjects. The astrologer says, “Astrology is more scientific. My predictions come out right half the time. Yours can’t even reach that proportion”. The econometrician replies, “That’s because of external shocks. Stars don’t have those”.

Two government economists were returning home from a field meeting. As with all government travelers, they were assigned the cheapest seats on the plane so they each were occupying the center seat on opposite sides of the aisle. They continued their discussion of the knotty problem that had been the subject of their meeting through takeoff and meal service until finally one of the passengers in an aisle seat offered to trade places so they could talk and he could sleep. After switching seats, one economist remarked to the other that it was the first time an economic discussion ever kept anyone awake.

A traveller wandering on an island inhabited entirely by cannibals comes upon a butcher shop. This shop specialised in human brains differentiated according to source. The sign in the shop read:

Artists’ Brains $9/lb Philosophers’ Brains $12/lb Scientists’ Brains $15/lb Economists’ Brains $19/lb

Upon reading the sign, the traveller noted, “My those economists’ brains must be popular!” To which the butcher replied, “Are you kidding! Do you have any idea how many economists you have to kill to get a pound of brains?!”

HA! … It’s a *supply side* joke!

Two economists are walking down the street. One sees a dollar lying on the sidewalk, and says so.

“Obviously not,” says the other. “If there were, someone would have picked it up!”