“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

5

Sweet! May Is Zombie Awareness Month! (2 Images)

Feeding your need for brains. And sexy. And sexy brain eaters on a lazy Sunday afternoon May is the official

1

What Obama Meant to Say in His DNC Speech

Fellow Americans and community organizers, So glad to see all of you people here tonight! I apologize for moving the

3

Global Warming Belief Really IS A Religion: Now With Miracles!

The Environmental (mental being the operative word) Left, in their embracing of the hoax commonly known as Global Warming â„¢,