Dr. William Luckey's Blog of Catholic Truths on Economics

Guidance on Economics, its importance for Catholics, its importance to civilizations, and what are its objective truths. It might sound boring...but boy, we are all affected by it.

Ask Dr. Luckey your questions about Catholic Economics Lessons in Economics for Catholics Critique Dr. Luckey's Book

TOP TEN REASONS TO STUDY ECONOMICS

1. Economists are armed and dangerous: "Watch out for our invisible hands."
2. Economists can supply it on demand.
3. You can talk about money without every having to make any.
4. You get to say "trickle down" with a straight face.
5. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
6. When you are in the unemployment line, at least you will know why you are there.
7. If you rearrange the letters in "ECONOMICS", you get "COMIC NOSE".
8. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
9. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
10. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have something to talk about.

Ask Dr. Luckey:

Dr. Luckey, what is worse:  ignorance or apathy?

 

Answer:  I don't know and I don't care!:-)

Two economists

Two economists were witnessing two women arguing across a courtyard of an apartment house from their different second floor windows.  The first economist said, "They'll never reach an agreement."  The second replied, "Why not?"  The first responded, "They're agruing from different premises!"

A mathematician, an accountant and an economist apply for the same job...

A mathematician, an accountant and an economist apply for the same job.

The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."

Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."

Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?

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