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| | This page should eventually be split into: [[Jokes to convey ideas]], [[Humor]], [[Satire]]. | | This page should eventually be split into: [[Jokes to convey ideas]], [[Humor]], [[Satire]]. |
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| − | John Ruskin: 'The labour of two days is that for which you ask two hundred guineas?'
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| − | Whistler: 'No. I ask it for the knowledge I have gained in the work of a lifetime.'
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| − | ''Whistler v. Ruskin'' (1878)
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| − | "Two and two continue to make four, in spite of the whine of the amateur for three, or the cry of the critic for five." --''Whistler v. Ruskin'' (1878)
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| − | A Russian meets up with an American.
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| − | "We have freedom of speech," the Russian says. "I can post that Russian elections are falsified on social media."
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| − | "What's the big deal?" asks the American. "I too can write that Russian elections are falsified on social media."
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| − | Did you hear about the explosion in the cheese factory? There was nothing left but debris.
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| − | I haven't laughed so hard since the suggestion that Joe and Kamala run off to Las Vegas and get inaugurated without telling anybody.
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| − | https://quillette.com/2021/01/07/the-death-of-political-cartooning-and-why-it-matters/
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| − | Those who study the moon are real optimists, they tend to look at the bright side.
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| − | Why should you eat eggs benedict on a hubcap for Christmas dinner? <br>
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| − | --because there's no plate like chrome for the hollandaise.
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| − | (Here write my better version, the Joke Convention, with the jolly guy rolling ont he floor who hadn't heard it befre.)
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| − | George Stigler's version in "The Conference Handbook" Journal of Political Economv, 1977, vol. 85, no. 2, is
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| − | {{Quotation|
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| − | There is an ancient joke about the two traveling salesmen in the age of
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| − | the train. The younger drummer was being initiated into the social life
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| − | of the traveler by the older. They proceeded to the smoking parlor on the
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| − | train, where a group of drummers were congregated. One said, "87,"
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| − | and a wave of laughter went through the group. The older drummer
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| − | explained to the younger that they traveled together so often that they
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| − | had numbered their jokes. The younger drummer wished to participate
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| − | in the event and diffidently ventured to say, "36." He was greeted by
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| − | cool silence. The older drummer took him aside and explained that they
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| − | had already heard that joke. (In another version, the younger drummer
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| − | was told that he had told the joke badly.)
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| − | }}
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| − | Stigler published an economists' version. I've improved it here, in the spirit of joketelling:
| + | == Elephants Hiding in Trees== |
| | + | "Elephants are really great in camouflage. They hide in the tops of trees!" |
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| − | Introductory Remarks <br>
| + | "That's ridiculous. I have NEVER seen an elephant in a tree!" |
| − | A. Here is what the author was trying to say. <br>
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| − | B. The paper admirably solves the problem which it sets for itself.
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| − | Unfortunately, this was the wrong problem. <br>
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| − | C. What a pity that the vast erudition and industry of the author were so
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| − | misdirected <br>
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| − | D. I am an amateur in this field so my remarks must be diffident and
| + | "EXACTLY! See how well they hide?" |
| − | tentative. However, even a novice must find much to quarrel with in
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| − | this piece.
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| − | E. I can be very sympathetic with the author; until 2 years ago I was
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| − | thinking along similar lines.
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| − | F. It is good to have a nonspecialist looking at our problem. There is
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| − | always a chance of a fresh viewpoint, although usually, as in this
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| − | case, the advantages of the division of labor are reaffirmed.
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| − | G. This paper contains much that is new and much that is good.
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| − | H. Although the paper was promised 3 weeks ago, I received it as I
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| − | entered this room.
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| − | Comments
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| − | 1. Adam Smith said that.
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| − | 2. Unfortunately, there is an identification problem which is not dealt
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| − | with adequately in the paper.
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| − | 3. The residuals are clearly nonnormal and the specification of the
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| − | model is incorrect.
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| − | 4. Theorizing is not fruitful at this stage: we need a series of case
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| − | studies.
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| − | 5. Case studies are a clue, but no real progress can be made until a
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| − | model of the process is constructed.
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| − | 6. The second-best consideration would of course vitiate the argument.
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| − | 7. That is an index number problem (obs., except in Cambridge).
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| − | 8. Have you tried two-stage least squares?
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| − | 9. The conclusions change if you introduce uncertainty.
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| − | 10. You didn't use probit analysis?
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| − | 11. I proved the main results in a paper published years ago.
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| − | 12. The analysis is marred by a failure to distinguish transitory and
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| − | permanent components.
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| − | 13. The market cannot, of course, deal satisfactorily with that externality.
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| − | 14. But what if transaction costs are not zero?
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| − | 15. That follows from the Coase theorem.
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| − | 16. Of course, if you allow for the investment in human capital, the
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| − | entire picture changes.
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| − | 17. Of course the demand function is quite inelastic.
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| − | 18. Of course the supply function is highly inelastic.
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| − | 19. The author uses a sledgehammer to crack a peanut.
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| − | 20. What empirical finding would contradict your theory?
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| − | 21. The central argument is not only a tautology, it is false.
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| − | 22. What happens when you extend the analysis to the later (or earlier)
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| − | period?
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| − | 23. The motivation of the agents in this theory is so narrowly egotistic
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| − | that it cannot possibly explain the behavior of real people.
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| − | 24. The flabby economic actor in this impressionistic model should be
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| − | replaced by the utility-maximizing individual.
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| − | 25. Did you have any trouble in inverting the singular matrix?
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| − | 2 6. It was unfortunate that the wrong choice was made between M1 and
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| − | M2.
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| − | 27. That is alright in theory, but it doesn't work out in practice (use
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| − | sparingly).
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| − | 28. The speaker apparently believes that there is still one free lunch.
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| − | 29. The problem cannot be dealt with by partial equilibrium methods:
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| − | it requires a general equilibrium formulation.
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| − | 30. The paper is rigidly confined by the paradigm of neoclassical
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| − | economics, so large parts of urgent reality are outside its comprehension.
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| − | 31. The conclusion rests on the assumption of fixed tastes, but of course
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| − | tastes have surely changed.
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| − | 32. The trouble with the present situation is that the property rights
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| − | have not been fully assigned.
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| − | https://statmodeling.stat.columbia.edu/2021/01/07/xkcd-curve-fitting-methods-and-the-messages-they-send/
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| − | [[Babylon Bee reports]]:
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| − | https://babylonbee.com/news/ignorant-republicans-riot-and-dont-even-get-a-free-big-screen-tv-out-of-it/?utm_content=buffer8acdc&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer<br>
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| − | https://babylonbee.com/news/after-being-kicked-off-social-media-trump-forced-to-go-door-to-door-and-shout-rigged-election?utm_content=buffer59fcc&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer<br>
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| − | https://babylonbee.com/news/trump-sneaks-back-on-twitter-by-disguising-self-as-pr-rep-for-chinese-communist-party<br>
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| − | https://babylonbee.com/news/lets-all-remain-peaceful-says-trump-in-clear-incitement-to-violence/?utm_content=bufferbf3b6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer<br>
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| − | https://babylonbee.com/news/amazoncom-thrown-off-aws-for-selling-trumps-art-of-the-deal/?utm_content=buffer70d84&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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| − | <br>
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| − | Patient: Doctor, what should I do to get over my cold? <br>
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| − | Doctor: I'm afraid we have no cure for the common cold. <br>
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| − | Patient: Surely you can think of something!<br>
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| − | Doctor: Well, yes: take a shower and then go naked into your yard in the 20-degree weather for half an hour. <br>
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| − | Patient: But then I'll get pneumonia!<br>
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| − | Doctor: Right. And *that*, we can cure.
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| − | Alex Kontorovich@AlexKontorovich
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| − |
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| − | {{Quotation|
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| − | Claim: 10 + 10 = 11 + 11
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| − | Proof:
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| − | 10+10 = twenty
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| − | 11+11 = twenty too
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| − | }}
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