Mockeries on Economists

Economists are easy targets. To be fair, a lot of criticism lobbed on economists are not justified: dismal science, mumble-jumble, ideological, cold-blooded, heavily mathematical and dogmatic, impractical, etc, I can go on and on.

Economists are quite defensive of their turfs as evidenced by this, and they are, in my opinion, rightly so: there are just a lot of myths about modern economics.

Here I just want cite some mockeries about economists I ran into recently, some has a little truth in it, some not. But anyways they are all quite funny.

While the knowledge in science is cumulative, that in finance(Note: finance is considered applied economics)is cyclical.

It all comes down to basic human nature. "Irrational Exuberance" is not going to be followed by a sudden bout of realistic moderation. No, extreme optimism will give way to extreme pessimism as surely as the sun gives way to the moon. Somehow this simple fact always eludes economists, which is why the majority of them are always wrong.

According to one former Harvard official, its endowment fund has done so well because it has avoided taking advice from the economics faculty.

I will keep this list alive and add more when I come across funny satires on economists.