How many economists do you need to change a lightbulb..?
Five!
One economist to change the bulb, and four others to 'hold everything constant' (ceteris paribus)
I heard this joke in college, and it actually became reality a few years back.
My colleagues and I were at Bako National Park, Sarawak, armed with a pack of cards and a bottle of wine. The monkeys, monitor lizards and wild boars were the other companions.
Somehow, the cork just won't come out. So one fella stood on the table and pull.... while the other five huddle around and held the bottle still.
Till this day, we'd laff when somebody asks "How many consultants does it take to open a bottle of wine?"
Five!
One economist to change the bulb, and four others to 'hold everything constant' (ceteris paribus)
I heard this joke in college, and it actually became reality a few years back.
My colleagues and I were at Bako National Park, Sarawak, armed with a pack of cards and a bottle of wine. The monkeys, monitor lizards and wild boars were the other companions.
Somehow, the cork just won't come out. So one fella stood on the table and pull.... while the other five huddle around and held the bottle still.
Till this day, we'd laff when somebody asks "How many consultants does it take to open a bottle of wine?"
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