“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 on the Web
Craig Newmark

Craig Newmark

Associate Professor of Economics, North Carolina State Univ.

Related Articles

0

The Top 10 Biggest Lies Told On The Internet

10) I look like Brad Pitt except taller with more muscles. 9) Click here to remove your name from our

3

Restrained No More’s — Big $pender-Like a Kid in a Candy Store

We all know who the Big $$pender is … Here’s a little tune to sing on the way to the

998

New Video Courtesy of Ben Howe: ‘Failure of Leadership’

My third grade teacher, Sister Therese, used to always say, “Be careful what you pray for–you just might get it”.