“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

Things to remember when dating geeks, nerds, dorks, and various other socially challenged guys

How to land and keep the elusive geekfish 1) Make the first move. You’ll die of boredom otherwise. 2) If

0

BREAKING NEWS — 15 Year-Old Wins Write-In Campaign For Florida Governorship

FLORIDA — In the biggest upset in the history of American politics, 15 year-old Danny ‘Digital’ Larson has won a

4

Bad News: Someone Kidnapped TOTUS

A bit of humor (Politico) A truck carrying President Obama’s podium, teleprompter and audio equipment was stolen in Richmond, Va.,