“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

1

Good Grief! New Study Says I’m A Democrat!

Why? Because I like Jeep. I have 2006 Jeep Liberty (bought it in 2009 with 9,500 miles on it). Wendy’s

565

AGW Today: Is Barney Frank Responsible For Global Warming?

Perhaps we should feed him some garlic, but, then, we wouldn’t be treated to this bit of funny, via The

0

The Translation Guide For Middle Eastern Dictators

Since the ‘War On Terrorism’ started, Americans have actually begun paying attention to the wild-eyed thugs and gibbering tyrants who