Academic Publishing, Talking Frogs, and Nailing Your Head to the Floor
The Answer Is Transaction Costs
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The Unwritten Law and the Importance of Loyalty
This week's economics joke is a triple header. Number one, the definition of an economist is someone who deals with numbers but lacks the personality to be an accountant. A woman hears from her doctor that she only has six months to live. The doctor advises her that what she should do is marry an economist. But always having to listen to all that talk about transaction costs, well, that'll make the six months seem like at least a decade. I have to admit, that's my wife Donna's favorite, so I'm not sure that's really funny.
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