[Tench_Coxe]

A ‪‎physicist, an ‪‎engineer and an ‪‎economist are stranded in the desert. They are hungry. Suddenly, they find a can of corn. They want to open it, but how?
The physicist says: “Let’s start a fire and place the can inside the flames. It will explode and then we will all be able to eat”.
“Are you crazy?” says the engineer. “All the corn will burn and scatter, and we’ll have nothing. We should use a metal wire, attach it to a base, push it and crack the can open.”
“Both of you are wrong!” states the economist. “Where the hell do we find a metal wire in the desert?! The solution is simple: ASSUME we have a can opener”…

[Auntie Dem]

While I was pursuing a Masters degree in accounting, years ago, we students recounted a story about a rich man in search of a brain transplant. He was offered the brain of a lawyer for $5,000; the brain of an accountant for $10,000; and the brain of an economist for $100,000. The potential buyer asked “Why is the brain of the economist so expensive?”. “Because it’s never been used.” Came the reply.

[catnipman]

i think the joke could be updated so that the “economist” is a “Nobel Prize winning economist” :-)

[shotgun]

My Econ professor was lecturing about supply and demand and was using her personal habit of buying 6-7 bottles of Dr. Pepper from the faculty lounge pop machine and that it cost $1.50 per bottle.

I asked her why didn’t she stop buying from the machine to see if they would lower the price as a result of the lowering the demand. Then I asked why she doesn’t she buy a case of it at Costco as that would be cheaper because of their high demand plus allow her to realize a savings which she could use on other products.

She was dumbfounded.