Mainstream economics is perfectly correct — and totally useless

4 July, 2017 at 18:39 | Posted in Varia | Leave a comment

airship800A balloonist, lost, sees someone walking down a country lane. The balloonist lowers the balloon and shouts down to the the walker:

— Where am I?

— About 20 feet above the ground, comes the reply.

After a moment’s pondering, the balloonist says:

— You must be an economist.

— How did you know?

— Your information is perfectly correct — and totally useless.

Timothy Brennan


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