“21 Economic Models Explained”


Part of this will be familar to econonerds, but there’s a lot that’s new.

SOCIALISM
You have 2 cows.
You give one to your neighbour.

COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.

. . .

A FRENCH CORPORATION
You have two cows.
You go on strike, organize a riot, and block the roads, because you want three cows.

Trending Today
Craig Newmark

Craig Newmark

Associate Professor of Economics, North Carolina State Univ.

Related Articles

5

Bacon Can Boost Baby Intelligence. Is There Nothing It Can’t Do?

Can we branch bacon off into its own food group? The traditional English breakfast is not normally associated with good

17

Baskin-Robberts New Ice Cream Flavor Honors Obama

In honor of the 44th President of the United States , Baskin-Robberts Ice Cream has introduced Barocky Road, its new

0

The Man’s Translation Guide: What Are Women Really Saying?

We can’t go out because I’ve got a boyfriend:: I prefer my male cat and a half gallon of Ben and