“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

Craig Newmark

Associate Professor of Economics, North Carolina State Univ.

Related Articles

1

Solutions: Michelle Obama Proposes Vegetable Offsets for School Lunch Detractors

First lady Michelle Obama has been under fire since interfering in school lunches, but through the power of her husband’s

1

Liberal Logic 101: Smokers’ Rights…

See more Liberal Logic at LiberalLogic101.com

0

ALF Mix-Up Ends In Feline Tragedy

ALF mix-up ends in feline tragedy Newly initiated animal rights activists from the controversial Animal Liberation Front made a costly