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Economics is the only field in which two people can get a Nobel Prize for saying exactly the opposite thing.
An economist is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy.
Bentley's second Law of Economics: The only thing more dangerous than an economist is an amateur economist!
Berta's Fundamental Law of Economic Rents.. "The only thing more dangerous than an amateur economist is a professional economist."
Practice economy at ANY cost.

A Polak wanted to join an amateur baseball team. The coach looked him over and decided to give him a chance.

"I will give you three questions," said the coach. "If you come back in a week and answer them all correctly, you're on the
team."

"Fair enough!" said the Polak eagerly.

The coach proceeded, "Here are your questions. First, how many days are there in a week that start with the letter' T'? Second, how many seconds are there in a year? And third, how many d's are there in' Rudolph the Red Nosed Reindeer?'"

Next week, the Polak came back, feeling all confident that he knew the right answers. So again the coach said, "So how many days in the week that start with' T'?"

The Polak said, "Two!"

"Very good!" said the coach. And what are they?"

"Today and Tomorrow!"

"Hmm... OK," said the coach. more...

An amateur drummer died and went to heaven. He was waiting outside the pearly gates when he heard the most incredible fast and furious drumming coming from within. Immediately he recognized the playing and rushed to ask St. Peter if that was Buddy Rich playing drums inside the gates.

St. Peter responded: "No, that's God. He just thinks he's Buddy Rich."

From the Booth News Service, December 22, 1988:
Flint, Mich.-Maybe it's just because he's an amateur. Or maybe he
harbored a Freudian wish to be caught.
Whatever the reason, police had little trouble tracing a man who
allegedly held up a service station in Flint Township over the weekend. The
robber fled with $70, wearing a high school varsity jacket with his name on
the back. The suspect, 24, was to have been arraigned Monday.

An economist is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy. Talk is cheap. Supply exceeds Demand. --------------------------------------------------------------------------------Bentley's second Law of Economics: The only thing more dangerous than an economist is an amateur economist! --------------------------------------------------------------------------------Berta's Fundamental Law of Economic Rents.. "The only thing more dangerous than an amateur economist is a professional economist." --------------------------------------------------------------------------------Definition: Policy Analyst is someone unethical enough to be a lawyer, impractical enough to be a theologian, and pedantic enough to be an economist. --------------------------------------------------------------------------------Three econometricians went out hunting, and came across a large more...