Showing posts with label study. Show all posts
Showing posts with label study. Show all posts

Tuesday, June 11, 2013



The corporate boat race



An American automobile company and a Japanese auto company decided to have a competitive boat race on the Detroit River. Both teams practiced hard and long to reach their peak performance. On the big day, they were as ready as they could be.

The Japanese team won by a mile.

Afterwards, the American team became discouraged by the loss and their morale sagged. Corporate management decided that the reason for the crushing defeat had to be found. A Continuous Measurable Improvement Team of "Executives" was set up to investigate the problem and to recommend appropriate corrective action.

Their conclusion: The problem was that the Japanese team had 8 people rowing and 1 person steering, whereas the American team had 1 person rowing and 8 people steering. The American Corporate Steering Committee immediately hired a consulting firm to do a study on the management structure.

After some time and billions of dollars, the consulting firm concluded that "too many people were steering and not enough rowing." To prevent losing to the Japanese again next year, the management structure was changed to "4 Steering Managers, 3 Area Steering Managers, and 1 Staff Steering Manager" and a new performance system for the person rowing the boat to give more incentive to work harder and become a six sigma performer. "We must give him empowerment and enrichment." That ought to do it.

The next year the Japanese team won by two miles.

The American Corporation laid off the rower for poor performance, sold all of the paddles, cancelled all capital investments for new equipment, halted development of a new canoe, awarded high performance awards to the consulting firm, and distributed the money saved as bonuses to the senior executives.


The results of a government study


For the past three years, the government has worked hard and spent many tax dollars to find the approval ratings for unemployment.

They have concluded that a 7% unemployment level is acceptable to 93% of the working population.

Now let's just hope that the unemployment rate doesn't change.

Stop being late to work


Tom had this problem of getting up late in the morning and was always late for work. His boss was mad at him and threatened to fire him if he didn't do something about it. So Tom went to his doctor who gave him a pill and told him to take it before he went to bed. Tom slept well and in fact beat the alarm in the morning by almost two hours. He had a leisurely breakfast and drove cheerfully to work.

"Boss", he said, " The pill actually worked!"

"That's all fine" said the boss, " But where were you yesterday?"


The accident report


Dear Sir,

I am writing in response to your request for additional information for block number 3 of the accident reporting form. I put "poor planning" as the cause of my accident. You said in your letter that I should explain more fully and I trust the following detail will be sufficient.

I am an amateur radio operator and on the day of the accident, I was working alone on the top section of my new
80 foot tower. When I had completed my work, I discovered that I had, over the course of several trips up the tower, brought up about 300 pounds of tools and spare hardware. Rather than carry the now un-needed tools and material down by hand, I decided to lower the items down in a small barrel by using a pulley, which fortunately was attached to the gin pole at the top of the tower.

Securing the rope at ground level, I went to the top of the tower and loaded the tools and material into the barrel. Then I went back to the ground and untied the rope, holding it tightly to insure a slow decent of the
300 pounds of tools. You will note in block number 11 of the accident reporting form, that I weigh only 155 pounds.

Due to my surprise of being jerked off the ground so suddenly, I lost my presence of mind and forgot to let go of the rope. Needless to say, I proceeded at a rather rapid rate of speed up the side of the tower. In the vicinity of the
40 foot level, I met the barrel coming down. This explains my fractured skull and broken collarbone.

Slowed only slightly, I continued my rapid ascent, not stopping until the fingers of my right hand were two knuckles deep into the pulley. Fortunately, by this time, I had regained my presence of mind and was able to hold onto the rope in spite of my pain.

At approximately the same time, however, the barrel of tools hit the ground and the bottom fell out of the barrel. Devoid of the weight of the tools, the barrel now weighed approximately
20 pounds. I refer you again to my weight in block number 11. As you might imagine, I began a rapid descent down the side of the tower.

In the vicinity of the
40 foot level, I met the barrel coming up. This accounts for the two fractured ankles and the lacerations of my legs and lower body. The encounter with the barrel slowed me enough to lessen my injuries when I fell onto the pile of tools and fortunately, only three vertebrae were cracked.

I am sorry to report, however, that as I lay there on the tools, in pain, unable to stand and watching the empty barrel
80 feet above me... I again lost my presence of mind. I let go of the rope.


How to look busy


Generally, this will not be a concern until you are promoted to an executive position. But once you've created the illusion that you serve even the slightest purpose at your place of "business," there's no telling how far you'll go. In the real working world, productivity is all a matter of appearances.

Appearance: You are furiously taking notes while conducting an important telephone marketing survey.

Reality: You are pretending to take notes while talking to your friend who has called collect from
Bulgaria.



Appearance: You are on the phone with a client in
New York and you have said, "Yes sirree! That stock is about to shoot through the roof, now's a great time to buy, I tell ya!"

Reality: You are on the phone with a friend in
Guam and you have said, "Yeah, this job is terrible, and my boss is such a pushy whining... Yes sirree! That stock is about to shoot through the roof, now's a great time to buy, I tell ya!"



Appearance: You are at your computer writing a serious business memorandum to your department supervisior.

Reality: You are at your computer telling dead-baby jokes to your e-mail correspondent in
Namibia.



Appearance: You are urgently plugging numbers into a complicated spreadsheet.

Reality: You are playing Tetris.



Appearance: You are tapping away on calculator keys, helping out the accounting department.

Reality: You are paying your electric bill.



Appearance: You are reading the DOS manual.

Reality: You are reading the TV guide you placed in the DOS manual.



Appearance: You are staring at an empty computer screen, absorbed in deep thought.

Reality: You have pressed "Escape" just in time, erasing a MacDraw portrait entitled "Supervisor with Pitchfork Wound Clinging to a Cliff"


The work qualification test


Murphy applied for an engineering position at an Irish firm based in Dublin. An American applied for the same job and both applicants having the same qualifications were asked to take a test by the Department manager. Upon completion of the test both men only missed one of the questions. The manager went to Murphy and said.

Manager: "Thank you for your interest, but we've decided to give the American the job"

Murphy: "And why would you be doing that? We both got nine questions correct. This being
Ireland and me being Irish I should get the job!"

Manager: "We have made our decisions not on the correct answers, but on the question you missed."

Murphy: "And just how would one incorrect answer be better than the other?"

Manager: "Simple, the American put down on question #5, "I don't know.", You put down "Neither do I."


Bosses versus workers


When I take a long time, I am slow.
When my boss takes a long time, he is thorough.

When I don't do it, I am lazy.
When my boss doesn't do it, he's too busy.

When I do it without being told, I'm trying to be smart.
When my boss does the same, that is initiative.

When I please my boss, that's brown-nosing.
When my boss pleases his boss, that's co-operating.

When I do good, my boss never remembers.
When I do wrong, he never forgets.


Signs Technology Took Over Your Life


1. Your stationery is more cluttered than Warren Beatty's address book. The letterhead lists a fax number, e-mail addresses for two on-line services, and your Internet address, which spreads across the breadth of the letterhead and continues to the back. In essence, you have conceded that the first page of any letter you write is letterhead.

2. You have never sat through an entire movie without having at least one device on your body beep or buzz.

3. You need to fill out a form that must be typewritten, but you can't because there isn't one typewriter in your house, only computers with laser printers.

4. You think of the gadgets in your office as "friends," but you forget to send your father a birthday card.

5. You disdain people who use low baud rates.

6. When you go into a computer store, you eavesdrop on a salesperson talking with customers, and you butt in to correct him and spend the next twenty minutes answering the customers' questions, while the salesperson stands by silently, nodding his head.

7. You use the phrase "digital compression" in a conversation without thinking how strange your mouth feels when you say it.

8. You constantly find yourself in groups of people to whom you say the phrase "digital compression." Everyone understands what you mean, and you are not surprised or disappointed that you don't have to explain it.

9. You know Bill Gates' e-mail address, but you have to look up your own social security number.

10. You stop saying "phone number" and replace it with "voice number," since we all know the majority of phone lines in any house are plugged into contraptions that talk to other contraptions.

11. You sign Christmas cards by putting :-) next to your signature.

12. Off the top of your head, you can think of nineteen keystroke symbols that are far more clever than :-).

13. You back up your data every day.

14. You know more about the computer than about all of your friends.

15. You think jokes about being unable to program a VCR are stupid.

16. On vacation, you are reading a computer manual and turning the pages faster than everyone else who is reading John Grisham novels.

17. The thought that a CD could refer to finance or music rarely enters your mind.

18. You are able to argue persuasively the Ross Perot's phrase "electronic town hall" makes more sense than the term "information superhighway," but you don't because, after all, the man still uses hand-drawn pie charts.

19. You go to computer trade shows and map out your path of the exhibit hall in advance. But you cannot give someone directions to your house without looking up the street names.

20. You would rather get more dots per inch than miles per gallon.

21. You become upset when a person calls you on the phone to sell you something, but you think it's okay for a computer to call and demand that you start pushing buttons on your telephone to receive more information about the product it is selling.

22. You know without a doubt that disks come in five-and-a-quarter and three-and-a-half-inch sizes.

23. Al Gore strikes you as an "intriguing" fellow.

24. You own a set of itty-bitty screw-drivers and you actually know where they are.

25. While contemporaries swap stories about their recent hernia surgeries, you compare mouse-induced index-finger strain with a nine-year-old.

26. You are so knowledgeable about technology that you feel secure enough to say "I don't know" when someone asks you a technology question instead of feeling compelled to make something up.

27. You rotate your screen savers more frequently than your automobile tires.

28. You have a functioning home copier machine, but every toaster you own turns bread into charcoal.

29. You have ended friendships because of irreconcilably different opinions about which is better, the track ball or the track pad.

30. You understand all the jokes in this message. If so, my friend, technology has taken over your life. We suggest, for your own good, that you go lie under a tree and write a haiku. And don't use a laptop.

31. You email this message to your friends over the net. You'd never get around to showing it to them in person or reading it to them on the phone. In fact, you have probably never met most of these people face-to-face.

32. You don't even read magazine articles anymore, unless someone's keyed them into e-mail and forwarded it to you.

33. You print the itinerary of your vacation from a scheduler software.

34. You pack the laptop computer first for any trip.

35. While you're away from home, the first three numbers you call are your voicenet, a bulletin board, and one of your e-mail accounts.

36. You are reading this from a screen.


Employee want ad translations


Energetic self-starter: You'll be working on commission.

Entry level position: We will pay you the lowest wages allowed by law.

Experience required: We do not know the first thing about any of this.

Fast learner: You will get no training from us.

Flexible work hours: You will frequently work long overtime hours.

Good organizational skills: You'll be handling the filing.

Make an investment in you future: This is a franchise or a pyramid scheme.

Management training position: You'll be a salesperson with a wide territory.

Much client contact: You handle the phone or make "cold calls" on clients.

Must have reliable transportation: You will be required to break speed limits.

Must be able to lift 50 pounds: We offer no health insurance or chiropractors.

Opportunity of a lifetime: You will not find a lower salary for so much work.

Planning and coordination: You book the bosses travel arrangements.

Quick problem solver: You will work on projects months behind schedule already.

Strong communication skills: You will write tons of documentation and letters.


Performance evaluation translations


A keen analyst: Thoroughly confused.

Accepts new job assignments willingly: Never finishes a job.

Active socially: Drinks heavily.

Alert to company developments: An office gossip.

Approaches difficult problems with logic: Finds someone else to do the job.

Average: Not too bright.

Bridge builder: Likes to compromise.

Character above reproach: Still one step ahead of the law.

Charismatic: No interest in any opinion but his own.

Competent: Is still able to get work done if supervisor helps.

Conscientious and careful: Scared.

Consults with co-workers often: Indecisive, confused, and clueless.

Consults with supervisor often: Very annoying.

Delegates responsibility effectively: Passes the buck well.

Demonstrates qualities of leadership: Has a loud voice.

Displays excellent intuitive judgement: Knows when to disappear.

Displays great dexterity and agility: Dodges and evades superiors well.

Enjoys job: Needs more to do.

Excels in sustaining concentration but avoids confrontations: Ignores everyone.

Excels in the effective application of skills: Makes a good cup of coffee.

Exceptionally well qualified: Has committed no major blunders to date.

Expresses self well: Can string two sentences together.

Gets along extremely well with superiors and subordinates alike: A coward.

Happy: Paid too much.

Hard worker: Usually does it the hard way.

Identifies major management problems: Complains a lot.

Indifferent to instruction: Knows more than superiors.

Internationally know: Likes to go to conferences and trade shows in
Las Vegas.

Is well informed: Knows all office gossip and where all the skeletons are kept.

Inspires the cooperation of others: Gets everyone else to do the work.

Is unusually loyal: Wanted by no-one else.

Judgement is usually sound: Lucky.

Keen sense of humor: Knows lots of dirty jokes.

Keeps informed on business issues: Subscribes to Playboy and National Enquirer.

Listens well: Has no ideas of his own.

Maintains a high degree of participation: Comes to work on time.

Maintains professional attitude: A snob.

Meticulous in attention to detail: A nitpicker.

Mover and shaker: Favors steamroller tactics without regard for other opinions.

Not a desk person: Did not go to college.

Of great value to the organization: Turns in work on time.

Use all available resources: Takes office supplies home for personal use.

Quick thinking: Offers plausible excuses for errors.

Requires work-value attitudinal readjustment: Lazy and hard-headed.

Should go far: Please.

Slightly below average: Stupid.

Spends extra hours on the job: Miserable home life.

Stern disciplinarian: A real jerk.

Straightforward: Blunt and insensitive.

Strong adherence to principles: Stubborn.

Tactful in dealing with superiors: Knows when to keep mouth shut.

Takes advantage of every opportunity to progress: Buys drinks for superiors.

Takes pride in work: Conceited.

Unlimited potential: Will stick with us until retirement.

Uses resources well: Delegates everything.

Uses time effectively: Clock watcher.

Very creative: Finds 22 reasons to do anything except original work.

Visionary: Cannot handle paperwork or any project that lasts less than a week.

Well organized: Does too much busywork.

Will go far: Relative of management.

Willing to take calculated risks: Doesn't mind spending someone else's money.

Zealous attitude: Opinionated.

Looks bad on resume cover letters


1. I'm really keen to work for you, I hear the drugs are good.

2. I regret that I have no references. Unfortunately, every company I have worked for has since closed down.

3. I'll kill myself if I don't get a job.

4. I know where you live.

5. Any sentence beginning with "I was recently acquitted."

6. I'm really tall, so I think I'd be well suited to this job.

7. Happy faces.

8. By the way, I understand that you have unmarried daughters.

9. I'm confident that I'll get this job. The voices told me.


The copy machine handout


In most offices, the photocopier is out of order every now and then. One copy repairman had answered question after question for the employees. Finally one day, he just smiled and handed them this sheet.

The copier is out of order!
Yes, we have called the service man.
Yes, he will be in today.
No, we cannot fix it.
No, we do not know how long it will take.
No, we do not know what caused it.
No, we do not know who broke it.
Yes, we are keeping it.
No, we do not know what you are going to do now.

Thank You


The Procrastinator's creed


1. I believe that if anything is worth doing, it would have been done already.

2. I shall never move quickly, except to avoid more work or find excuses.

3. I will never rush into a job without a lifetime of consideration.

4. I shall meet all of my deadlines directly in proportion to the amount of bodily injury I could expect to receive from missing them.

5. I firmly believe that tomorrow holds the possibility for new technologies, astounding discoveries, and a reprieve from my obligations.

6. I truly believe that all deadlines are unreasonable regardless of the amount of time given.

7. I shall never forget that the probability of a miracle, though infinitesmally small, is not exactly zero.

8. If at first I don't succeed, there is always next year.

9. I shall always decide not to decide, unless of course I decide to change my mind.

10. I shall always begin, start, initiate, take the first step, and/or write the first word, when I get around to it.

11. I obey the law of inverse excuses which demands that the greater the task to be done, the more insignificant the work that must be done prior to beginning the greater task.

12. I know that the work cycle is not plan-start-finish, but is wait-plan-plan.

13. I will never put off until tomorrow, what I can forget about forever.

14. I will become a member of the ancient Order of Two-Headed Turtles (the Procrastinator's Society) if they ever get it organized.

Reasons to leave work


1. Not spending enough quality time with the kitchen applicances.

2. Came dressed in only a towel...again.

3. Ran out of paper clips.

4. I've decided to telecommute.

5. Ambassador to
Belgium is at the White House.

6. It's a long drive home to
Texas.

7. One-day sale at Macy's.

8. My brain is melting!

9. I think they found me out...

10. Accidently erased the whole week's work off the computer disk.


Reasons to stay at work all night


1. Act out your version of a company takeover.

2. Find a way to change everyone's password to "chrysanthemum".

3. Around 3:20am, play connect-the-dots with lights still on in other office buildings. Keep going until you see a small woodland creature.

4. Sneaking in the boss's desk could land you an unexpected promotion.

5. Draw stick people in all the landscape pictures on the walls, and in the morning, be the first to point out "what a terrible thing that someone did this to such beautiful works of art".

6. Go into the other gender's bathroom without fear of being caught.

7. Run up and down the hallways screaming, hoping security will come so you can have someone to talk to.

8. Leave prank messages on the CEO's voice mail.

9. Finally, a chance to live out a dream and pretend to be your boss.

10. Elevator surfing!


Keeping a high profile in an office


Never write a note or memo if you can phone or visit instead; everyone wants to talk whenever you're ready.

Don't sit down to talk. The acoustics are better the higher you are, and remember that most people are a bit deaf so speak up louder!

Try to talk with _at least_ three people between you and your listener, so that they don't feel left out.

The very best place for a conversation is in the corridor, beside someone else's desk. If the corridor is full, try leaning against their cupboard or hanging over their screen.

Never warn people of your approach by knocking on their desk or cupboard. People love surprises, especially if they're busy.

The best time to disturb someone is when they look thoughtful or are concentrating. It's your _duty_ to give them a break now and again.

To make sure that _you_ get regular breaks, never use a "Do No Disturb" sign. When other people use them they're only joking.

Always hold meetings around a desk. If you book a conference room everyone will think you've got something to hide.

If the phone isn't answered after four rings, hang on. Someone will answer it eventually, and they might like a chat, too.

Never divert calls if you're leaving your desk. Your telephone could get into bad habits.

Try to whistle, hum or tap your fingers while you work. It is a comfort to others to know that you're still there.

If you have to design the office layout, remember to leave lots of wide-open spaces so that we can see and hear each other right across the floor.


Why did he fire you?


Two neighbors were talking about work, when one asked, "Say, why did the foreman fire you?"

Replied the second, "Well, you know how a foreman is always standing around and watching others do the work. My foreman got jealous. People started thinking I was the foreman."


Japanese management lecture


Four corporate presidents, one English, one French, one Japanese and one American, were on their way to an international business conference when they were kidnapped by terrorists and taken to a secret hideout.

"You, your companies, and you countries are enemies of the Revolution," screamed the terrorist leader, "and you're going to be executed! Do you have any last requests?"

The Englishman spoke first.

"Before I die, I want to honor my country and protest this barbaric act by singing "God Save The Queen" to all you men."

"That can be arranged," said the terrorist.

The Frenchman said, "And I want to honor my country before I die by singing "The
Marseilles" to your men."

The Japanese said, "Before I die, I wish to honor my country by giving the lecture I was going to present on the Mapanese style of industrial management."

The terrorist turned finally to the American.

"What is your last request?"

The American replied, "I want you to kill me right now so I don't have to listen to another lecture on the Japanese style of industrial management!"


Those who don't know

The world is divided into two groups. There are those who know, and those who don't know. Those who know are no problem.

Those who don't know are also in two groups.

One is those who don't know and know they don't know. Well, they can learn!

But then, there are those who don't know, and don't know they don't know.
And they become unit managers!


Who is doing the work around here?

The population of the United States was 180 million at the time of writing, but there are 64 million over 60 years of age, leaving 116 million to do the work.

People under 21 total 59 million which leaves 57 million people to do the work.

Because of the 31 million government employees, there are only 26 million left to do the work.

Six million in the armed forces leave twenty million workers.

Deduct 17 million State, county, and city employees, and we are left with three million to do the work.

There are 2,500,000 people in hospitals, asylums, and treatment facilities leaving half a million workers.

However, 450,000 of these are bums or others who will not work, leaving 50,000 to do the work.

Now, it may interest you to know that there are 49,998 people in jail so that leaves just 2 people to do all the work, and that is you and me, and I'm getting tired of doing everything myself!


Everybody, somebody, anybody, and nobody

This is the story of four people named Everybody, Somebody, Anybody, and Nobody. There was an important job to be done and Everybody was asked to do it. Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody's job. Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn't do it. Consequently, it wound up that Nobody told Anybody, so Everybody blamed Somebody.


The requirements of this job

Employer: "In this job we need someone who is responsible."

Applicant: "I'm the one you want. On my last job, every time anything went wrong, they said I was responsible."


A tight travel budget


All workers please be advised of the following changes to the travel policy.

Memorandum

To: All Employees
From: Headquarters
Subject: Business Travel Policy Guidelines
Date:
June 16, 2000

Due to fiscal constraints, the following corporate policies are announced regarding employees on travel for official business. The purpose of these policies is to save money, thereby decreasing overhead.

Transportation

If commercial transportation must be utilized, the lowest cost tickets will be purchased. Airline tickets will only be authorized for purchase in extreme circumstances and, the lowest fares will be used. If, for example, a meeting with a customer is scheduled in
Seattle, but a lower fare can be obtained by traveling to Detroit, then travel to Detroit will be substituted for travel to Seattle. Bus transportation will be utilized whenever possible.

Hitchhiking in lieu of commercial transport is strictly encouraged. Luminescent safety vests will be issued to all employees prior to their departure on company business trips.

Lodging

All employees are encouraged to stay with relatives or friends while on company business. If this is not possible, then cost effective alternatives should be exploited.

Public areas such as parks and parking lots can be used during periods of good weather. In inclement weather, bridges may provide temporary shelter.

Meals

Expenditures for meals will be limited to the absolute minimum. It should be noted that grocery chains, such as "
General Nutrition Centers" and "Piggly Wiggly" stores often provide free samples of promotional items. Entire meals can often be obtained in this manner.

Travelers should also become familiar with, and exploit the use of, indigenous roots, berries, and other protein sources available at their destination. If restaurants must be utilized, travellers should seek establishments offering "all you can eat" salad bars. This will be especially valuable to employees travelling together, as a single plate can be used to feed one clever group.

Employees are also encouraged to bring their own food while on company business. Cans of tuna fish, Spam and Beef-a-roni can be conveniently consumed at your leisure, without the unnecessary bother of heating or other costly preparation.

Entertainment

Entertainment while on travel is discouraged. If such extravagances are required for business reasons, the customer should be encouraged to "pick up the tab". Such actions will save the company money and also convince the customer that we are concerned about "spending his money on providing a good product for him", not on useless overhead frivolities which can drive up our prices.

Hospitality provided to our customers at our facility shall be tasteful, yet cost-effective. In lieu of frivolous dinners, a picnic bench will be placed in the parking lot complete with garden hose for liquid refreshments.

Miscellaneous

All employees are encouraged to employ innovative techniques in our common effort to save corporate dollars. One enterprising individual has already suggested that money could be raised during airport "layover" periods which could be used to defray travel costs. In support of this idea, "Red Caps" will be issued to all employees prior to departure so that they may earn tips for helping other travellers with their luggage during such periods. Small plastic roses will also be made available to employees so that sales may be made as time permits.

You really do stink


It was a particularly tough football game, and nerves were on edge. The home team had been the victim of three or four close calls, and they were now trailing the visitors by a touch-down and a field goal. When the official called yet another close one in the visitors' favor, the home quarterback blew his top.

How many times can you do this to us in a single game?" he screamed. "You were wrong on the out-of-bounds, you were wrong on that last first down, and you missed an illegal tackle in the first quarter."

The official just stared.

The quarterback seethed, but he suppressed the language that might get him tossed from the game. "What it comes down to," he bellowed, "is that you STINK!"

The official stared a few more seconds. Then he bent down, picked up the ball, paced off
15 yards, and put the ball down. He turned to face the steaming quarterback.

The official finally replied, "And how do I smell from here?"

Sunday, March 31, 2013



IN THIS TIMES ECONOMY JOKES ARE POPULAR


Economics is the only field in which two people can get a Nobel Prize for saying exactly the opposite thing. 



Heard at the Wharton School.
Man walking along a road in the countryside comes across a shepherd and a huge flock of sheep. Tells the shepherd, "I will bet you $100 against one of your sheep that I can tell you the exact number in this flock." The shepherd thinks it over; it's a big flock so he takes the bet. "973," says the man. The shepherd is astonished, because that is exactly right. Says "OK, I'm a man of my word, take an animal." Man picks one up and begins to walk away.
"Wait," cries the shepherd, "Let me have a chance to get even. Double or nothing that I can guess your exact occupation." Man says sure. "You are an economist for a government think tank," says the shepherd. "Amazing!" responds the man, "You are exactly right! But tell me, how did you deduce that?"
"Well," says the shepherd, "put down my dog and I will tell you."

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?" 

TOP 10 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.


ECONOMISTS do it at bliss point
ECONOMISTS do it cyclically
ECONOMISTS do it in an Edgeworth Box
ECONOMISTS do it on demand
ECONOMISTS do it risk-free (in reference to the risk-free interest rate)
ECONOMISTS do it with a dual
ECONOMISTS do it with an atomistic competitor
ECONOMISTS do it with crystal balls
ECONOMISTS do it with interest

"Economists do it with models"
Heard at the LSE. 

Econometricians do it if they can identify it.
Applied econometricians do it even if they can't. 

Economists do it with Slutsky matrices. 

Economists do it discretely AND continuously. 

"Econometricians do it with dummies"? 

Morry Adelman at MIT claims that he heard this at Shell long ago:
"A planner is a gentle man,
with neither sword nor pistol.
He walks along most daintily,
because his balls are crystal."


An economist is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy.

Talk is cheap. Supply exceeds Demand. 

Bentley's second Law of Economics: The only thing more dangerous than an economist is an amateur economist!
Berta's Fundamental Law of Economic Rents.. "The only thing more dangerous than an amateur economist is a professional economist."

A true story: 

"I heard this from one of my professors. To protect him, no names will be revealed. This professor was about to get married. He went to the jewelers to get a wedding ring for his fiancee. The jeweler told him that he can have the inside of the ring engraved with the name of his fiancee for an additional $20 (remember, this was a LONG time ago). He said, "But that will reduce the resale value!" The jeweler was aghast. He said, "How can you say such a thing. You are a butcher!" "No," replied the professor, "I am an economist"."


An economic forecaster was known to have an horseshoe prominently displayed above the door frame of his office. Asked what it was for, he replied that it was a good luck charm that helped his forecasts. But do you believe in that superstition? he was asked, and he said, "Of course not!" But then why do you keep it? "Well," he said, "it works whether you believe in it or not."
 The story is actually told about a non-economist, Danish Nobel prize winner Niels Bohr.


Economics has gotten so rigorous we've all got rigor mortis.
Presumably said by Kenneth Boulding
 A possible correction by Mike: Kenneth Boulding said, "Mathematics brought rigor to Economics. Unfortunately, it also brought mortis." 

Economist related joke: Definition: Policy Analyst is someone unethical enough to be a lawyer, impractical enough to be a theologian, and pedantic enough to be an economist. 

There is one joke opportunity in Robert Kuttner, The Poverty of Economics, The Atlantic Monthly, Feb 1985, p. 79, which says: "George Stigler Nobel laureate and a leader of Chicago School was asked why there were no Nobel Prizes awarded in the other social sciences, sociology, psychology, history, etc. "Don't worry", Stigler said, "they have already have a Nobel Prize in ...Literature" 

An economist was standing at the shore of a large lake, surf-casting. It was the middle of winter, and the lake was completely frozen over, but this didn't seem to bother the economist, who stood there patiently casting his lure out across the ice, slowly reeling it in again, then repeating the process.
 A mathematical economist came sailing by on an ice boat, and pulled to the shore beside the surf-fishing economist to scoff. "You'll never catch any fish that way," said the mathematical economist. "Jump on my ice-boat and we'll go trawling." 

Three econometricians went out hunting, and came across a large deer. The first econometrician fired, but missed, by a meter to the left. The second econometrician fired, but also missed, by a meter to the right. The third econometrician didn't fire, but shouted in triumph, "We got it! We got it!" 

A mathematician, a theoretical economist and an econometrician are asked to find a black cat (who doesn't really exist) in a closed room with the lights off:
- The mathematician gets crazy trying to find a black cat that doesn't exist inside the darkened room and ends up in a psychiatric hospital.
- The theoretical economist is unable to catch the black cat that doesn't exist inside the darkened room, but exits the room proudly proclaiming that he can construct a model to describe all his movements with extreme accuracy.
- The econometrician walks securely into the darkened room, spend one hour looking for the black cat that doesn't exits and shouts from inside the room that he has it catched by the neck." 

True story. I'm riding up the elevator at the Boston ASSA meetings a few years back. In the car with me is a woman who works in the hotel. I ask her if economists are really as dull a bunch as they're made out to be. She responds that she used to be stationed at the NYC branch of the chain when the meetings were held there and that even the hookers had taken the week off.

Practice economy at any cost. 

from "The Hitchhiker's Guide to the Galaxy" by Douglas Adams, Chapter 16.
Arthur awoke to the sound of argument and went to the bridge. Ford was waving his arms about. "You're crazy Zaphod," he was saying, "Magrathea is a myth a fairy story, it's what parents tell their kids about at night if they want them to grow up to be economists, it's..." 

from the preface to Paul Krugman's book, "Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations" (1994, page xi): An Indian-born economist once explained his personal theory of reincarnation to his graduate economics class. "If you are a good economist, a virtuous economist," he said, "you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist." 

When two economists are out for a stroll together, how do you identify the UofC economist? He's the one walking randomly. 

Heard at the workshop of evolutionary economists at IIASA:
 Q: How has French revolution affected world economic growth?
A: Too early to say. 


True story: I was standing with Ken Arrow by a bank of elevators on the ground floor of William James Hall at Harvard. Three elevators passed us on our way to the basement. I foolishly said "I wonder why everybody in the basement wants to go upstairs." He responded, almost instantly: "You're confusing supply with demand."
Curt Monash 

Economist poem
If you do some acrobatics
with a little mathematics
it will take you far along.
If your idea's not defensible
don't make it comprehensible
or folks will find you out,
and your work will draw attention
if you only fail to mention
what the whole thing is about.

Your must talk of GNP
and of elasticity
of rates of substitution
and undeterminate solution
and oligonopopsony.


Q. What do economists and computers have in common ??
A. You need to punch information into both of them. 

Why does Treasury only have 10 minutes for morning tea ??
A. If they had any longer, they would need to re-train all the economists. 

Two economists were walking down the street when they noticed two women yelling across the street at each other from their apartment windows.
Of course they will never come to agreement, stated the first economist.
And why is that, inquired his companion,
Why, of course, because they are arguing from different premises. 

Here's couple of more general jokes.
A civil engineer, a chemist and an economist are traveling in the countryside. Weary, they stop at a small country inn. "I only have two rooms, so one of you will have to sleep in the barn," the innkeeper says. The civil engineer volunteers to sleep in the barn, goes outside, and the others go to bed. In a short time they're awakened by a knock. It's the engineer, who says, "There's a cow in that barn. I'm a Hindu, and it would offend my beliefs to sleep next to a sacred animal." The chemist says that, OK, he'll sleep in the barn. The others go back to bed, but soon are awakened by another knock. It's the chemist who says, "There's a pig in that barn. I'm Jewish, and cannot sleep next to an unclean animal." So the economist is sent to the barn. It's getting late, the others are very tired and soon fall asleep. But they're awakened by an even louder knocking. They open the door and are surprised by what they see: It's the cow and the pig!
Three economists and three mathematicians were going for a trip by train. Before the journey, the mathematicians bought 3 tickets but economists only bought one. The mathematicians were glad their stupid colleagues were going to pay a fine. However, when the conductor was approaching their compartment, all three economists went to the nearest toilet. The conductor, noticing that somebody was in the toilet, knocked on the door. In reply he saw a hand with one ticket. He checked it and the economists saved 2/3 of the ticket price.
The next day, the mathematicians decided to use the same strategy- they bought only one ticket, but economists did not buy tickets at all! When the mathematicians saw the conductor, they hid in the toilet, and when they heard knocking they handed in the ticket. They did not get it back.
Why? The economists took it and went to the other toilet.

A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun.
Finally he said, ' OK see that big mountain over there?'
'Yes', answered the others eagerly.
'Well, according to the map, we're standing on top of it.' 


Did you hear of the economist who dove into his swimming pool and broke his neck?
He forgot to seasonally adjust his pool. 

If all the economists were laid end to end they would be an orgy, of mathematics. 

A wealthy labor economist had an urge to have grandchildren. He had two daughters and two sons and none of them had gratified his desire for a grandchild. At the annual family gathering on Thanksgiving Day, he chided them gently to bless his old age with their progeny. "But I haven't given up hope," he said, "Yesterday I went to the bank and set up a one hundred thousand dollar trust fund to be given to the first grandchild that I have. Now we will all bow our heads while I say a prayer of thanks." When he looked up, he and his wife were the only ones at the table. 

NATURAL RATE OF UNEMPLOYMENT
Newlan's Truism: An "acceptable" level of unemployment means that the government economist to whom it is acceptable still has a job. 

Q Why did the market economist cross the road?
A To reach the consensus forecast. 

Q: What does an economist use when calculating constant-dollar estimates?
A: Deflator mouse 

these were created by Pat Marren 2/14/96
Subject: TOP TEN ECONOMIST VALENTINES
10. YOU RAISE MY INTEREST RATE THIRTY BASIS POINTS WITHOUT A CORRESPONDING DROPOFF IN CONSUMER ENTHUSIASM
9. DESPITE A DECADE OF INFLATION, I STILL DIG YOUR SUPPLY CURVE
8. WHAT DO YOU SAY WE REMEASURE OUR CROSS-ELASTICITY
7. YOU BRING THE BUTTER, I'LL BRING THE GUN
6. LET'S RAISE HOUSING STARTS TOGETHER
5. FURTHER STIMULUS COULD RESULT IN UNCONTROLLED EXPANSION
4. TELL ME WHETHER MY EXPECTATIONS ARE RATIONAL
3. LET'S ASSUME A RITZY HOTEL ROOM AND A BOTTLE OF DOM
2. YOU STOKE THE ANIMAL SPIRITS OF MY MARKET
1. A LOAF OF BREAD, A JUG OF WINE, AND THOU BESIDE ME WATCHING RUKEYSER 


When Albert Einstein died, he met three New Zealanders in the queue outside the Pearly Gates. To pass the time, he asked what were their IQs. The first replied 190. "Wonderful," exclaimed Einstein. "We can discuss the contribution made by Ernest Rutherford to atomic physics and my theory of general relativity". The second answered 150. "Good," said Einstein. "I look forward to discussing the role of New Zealand's nuclear-free legislation in the quest for world peace". The third New Zealander mumbled 50. Einstein paused, and then asked, "So what is your forecast for the budget deficit next year?" (Adapted from Economist June 13th 1992, p. 71). 

Two men are flying in a captive balloon. The wind is ugly and they come away from their course and they have no idea where they are. So they go down to 20 m above ground and ask a passing wanderer. "Could you tell us where we are?"
"You are in a balloon."
So the one pilot to the other:
"The answer is perfectly right and absolutely useless. The man must be an economist"
"Then you must be businessmen", answers the man.
"That's right! How did you know?"
"You have such a good view from where you are and yet you don't know where you are!"

Light bulb jokes are always in...
 Q: How many Chicago School economists does it take to change a light bulb?
 A: None. If the light bulb needed changing the market would have already done it.

Q: How many mainstream economists does it take to change a light bulb?
A1: Two. One to assume the existence of ladder and one to change the bulb.
A2: Two. One to assume the existence of latter and one to change the bulb. 


Q: How many neo-classical economists does it take to change a light bulb?
A: It depends on the wage rate. 

Q: How many conservative economists does it take to change a light bulb?
A1: None. The darkness will cause the light bulb to change by itself.
A2: None. If it really needed changing, market forces would have caused it to happen.
A3: None. If the government would just leave it alone, it would screw itself in.
A4. None. "There is no need to change the light bulb. All the conditions for illumination are in place.
A5. None, because, look! It's getting brighter! It's definitely getting brighter !!!
A5. None; they're all waiting for the unseen hand of the market to correct the lighting disequilibrium.
The above light bulb jokes were mostly stolen from an article in _The_Wharton_Journal_, Feb. 21, 1994, by Selena Maranjian, who undoubtedly pilfered the humor from someone else. Selena also suggested (for you B-school types):
Q: How many Wharton MBAs does it take to change a light bulb?
A: Only one, if you hire me. I can actually change the light bulb by myself. As you can see from my resume, I've had extensive experience changing light bulbs in my previous positions. I've also been named to the Wharton Light Bulb list, and am presently a teaching assistant for Light Bulb Management 666. My only weakness is that I'm compulsive about changing light bulbs in my spare time.

Q: How many B-school doctoral students does it take to change a light bulb?
A: I'm writing my dissertation on that topic; I should have an answer for you in about 5 years.

Q: How many investors does it take to change a light bulb?
A: None - the market has already discounted the change.
The Economist 

Q:How many Keynesian economists does it takes to change a light bulb?
A:All. Because then you will generate employment, more consumption, dislocating the AD (agg. demand) to the right,... 

Q: How many Trotskyists does it take to change a lightbulb?
A: None. Smash it! 

Q; How many central bank economists does it take to screw in a lightbulb?
A: Just one -- he holds the lightbulb and the whole earth revolves around him. 

Economists do it with models 

Q: How many marxists does it take to screw in a lightbulb?
A: None - the bulb contains within it the seeds of its own revolution. 

How many environmental economists does it take to change a lightbulb? Eight - one to turn the lightbulb and seven to do the environmental impact study. ---

It's not easy being an economist. How would you like to go through life pretending you knew what M1 was all about? 

An elderly economics professor is standing at the shallow end of the campus pool. A Coed is standing at the deep end taking pictures. She suddenly drops the camera into the pool. Then she motions for the professor to come to her. He goes and she asks him to retrieve the camera. He agrees and dives in and retrieve its.
Upon returning he says to her, "Why did you ask me to retrieve the camera when there were many younger and more athletic males closer to her?" She replied, "Professor you seem to forget that I'm in your Econ I class, and I don't know anyone who can go down deeper, stay down longer and come up drier than you."

When drawing up the guest list for a dinner party, inviting more than 25% economists ruins the conversation. 

Economics is the painful elaboration of the obvious. 

Q: How many economists does it take to change a light bulb?
A: Seven, plus/minus ten. 

Q:How many economists does it take to change a light bulb?
A: Irrelevant - the light bulb's preferences are to be taken as given. 

True story: The scene is a conference of professors of marketing. The keynote speaker is an eminent economist. The chairman, who sees himself as a bit of a wag, says,
"I would like to introduce my eminent colleague and friend. He's an economist, one of those people who turn random numbers into mathematical laws."
The economist, not to be outdone, replies,
"My friend, here, is a marketer.
They reverse the process."

A Swedish contribution:
"Economics is like red whine - you shouldn't smell it but drink it, but if you drink too much on one occasion, there is a risk for dizziness"
("Nationalekonomi ar som rodvin - man ska inte lukta pa det utan dricka det, men dricker man for mycket pa en gang finns det risk for yrsel"


One day a man walked into the main library of a major research university. He stopped at the reference desk and asked the librarian if she had any current books about economics and the economy.
She answered that she did, and led the man to the reference shelves where the economics and economy books were.
To the surprise of both the librarian and the man all of the books were off the shelf being used.
``That's OK,'' the man said. ``I'll just go to another library. You see, I'm a very busy man, and I set this weekend aside for studying economics and the economy.''
The librarian said she understood and gave the man directions to the nearest research library. But her interest piqued, she asked: ``Why are you so urgent to study economics and the economy?''
The man replied: "I'm an economist. I've been teaching at this university for the past ten years. I'm attending a business meeting on Monday, and I figure the economy has changed in the past ten years." 

Economists do it with cross partials... 

Q. What's the difference between an economist and a befuddled old man with Alzheimer's?
A. The economist is the one with the calculator. 

One day a woman went for a walk in her neighborhood and came across a boy with some puppies. "Would you like a puppy? They aren't ready for new homes quite yet, but they will be in a few weeks!"
"Oh, they're adorable," the lady said. "What kind of dogs are they?"
"These are economists."
"OK. I'll tell my husband."

So she went home and told her husband. He was very interested to see the puppies. About a week later he came across the lad; the puppies were very active.
"Hey, Mister. Want a puppy?"
"I think my wife spoke with you last week. What kind of dogs are these?"
"Oh. These are decision analysts."
"I thought you said last week that they were economists."
"Yeah, but they've opened their eyes since then." 

An economist is someone who doesn't know what he's talking about - and make you feel it's your fault. 

The definition of "waste": a busload of economists plunging over a precipice with three of the seats unoccupied. 

True stories
I was riding my bike down a hill in my city one night and two policemen stopped me at their speed trap. They asked me how fast I was going - 63 km - and congratulated me on the accuracy of my speedo. They then asked me why I was not driving a car and as I was a woman, wasn't it dangerous to be be out at night on a bike. I said I did not drive a car. They then asked me my occupation - I said "an economist". One of the policemen said "That's why she's riding a bike - she's economising"
I know that economics is ruling my life when
- I tried to calculate my 3 year old son's discount rate by seeing how many sweets he would require to be promised to him after dinner to be equivalent to one sweet before dinner
- I spent one hour in a toy shop making up over 20 bundles of toys that could be purchased for $25 and then asked my son to select one of these bundles