“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.

Craig Newmark

Associate Professor of Economics, North Carolina State Univ.

Leave a Comment

Share this!

Enjoy reading? Share it with your friends!

Send this to friend