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Aunt Bessie's Bomb

Aunt Bessie loved to visit her nieces and nephews. However, she had relatives all over the country.

The problem was that no matter how much she enjoyed seeing them, she hated flying. No matter how safe people told her it was, she was always worried that someone would have a bomb on the plane. She read books about how safe it was and listened to the stewardess demonstrate all the safety features. But she still worried herself silly every time a visit was coming up. Finally, the family decided that maybe if she saw the statistics she'd be convinced. So they sent her to a friend of the family who was an actuary. "Tell me," she said suspiciously, "what are the chances that someone will have a bomb on a plane?" The actuary looked through his tables and said, "A very small chance. Maybe one in five hundred thousand." She nodded, then thought for a moment. "So what are the odds of two people having a bomb on the same plane?" Again he went through his tables. "Extremely remote," he said. "About one in a billion." Aunt Bessie nodded and left his office. And from that day on, every time she flew, she took a bomb with her.

Economists in Parades

There is also a joke about the last Mayday parade in the Soviet Union.

After the tanks and the troops and the planes and the missiles rolled by there came ten men dressed in black. "Are they Spies?" Asked Gorby? "They are economists," replies the KGB director, "imagine the havoc they will wreak when we set them loose on the Americans"

Lost in the Alps

A party of economists was climbing in the Alps. After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun. Finally he said, 'OK see that big mountain over there?' 'Yes', answered the others eagerly. 'Well, according to the map, we're standing on top of it.'

Half a Year to Live

A woman hears from her doctor that she has only half a year to live.

The doctor advises her to marry an economist and to live in South Dakota.

The woman asks: will this cure my illness?

The doctor replies: No, but the half year will seem pretty long.

Don't Open the Hatch

The new Ensign was assigned to subs, where he'd dreamed of working since a young boy.

He was trying to impress the Master Chief with his expertise learned in Submarine School. The Master Chief cut him off quickly and said, "Listen, 'sir', it's real simple. Add the number of times we dive to the number of times we surface. Divide that number by two. If the result doesn't come out even, don't open the hatch."

Talking Dinosaurs

- Dinosaur #1: How many economists does it take to screw in a light bulb?

- Dinosaur #2: What is an economist?

- Dinosaur #1: A flunkie mathematician who tries to predict the population of kangaroos in Australia. But that's not important and don't ask what a Kangaroo is.

- Dinosaur #2: I don't know, how many?

- Dinosaur #1: 10 economists and one grad student. One economist to make a model, one to run the regression, one to test the hypothesis, one to interpret the results, one to conclude how to screw it on, one grad student to screw it on, and five economists trying to fight off the dinosaurs trying to eat them.

Uses for Economics Textbooks

Ten things to do with a graduate Economics textbook:

  1. Press pretty flowers.
  2. Press pretty insects.
  3. Use it as paper weight on your already overcluttered desk.
  4. Leave out in obvious places to impress uninformed undergraduates.
  5. Mail to the White House as an intimidation tactic.
  6. Give it a walk-on part in a boring European existentialist play.
  7. Just throw the lousy thing away.
  8. Leave out for the rain and other forces of nature to reckon with.
  9. Read it, and weep.
  10. Get a refund from bookstore so you can buy a weekend's beer supply.

Finding Accountants

A businessman tells his friend that his company is looking for a new accountant.

His friend asks, "Didn't your company hire a new accountant a few weeks ago?"

The businessman replies, "That's the accountant we're looking for."