From Marginal Revolution:
How many Austrian economists does it take to screw in a lightbulb?
All of them. First, Ludwig von Mises has to screw the bulb in personally. Then the rest of the Austrian economists have to spend the next 80 years writing about what a good job he did.
That reminds me, Tom – what was that rhyming libertarian joke you told William and me in L.A. just before the Atlas Club Briefing?
🙂
And How many libertarian economists does take it to screw in a lightbulb
?
None , the market will take care of it.
The truth is that Mises changes the lightbulb correctly. The next 60 years (since Human Action was published) consists of midgets trying to “improve” on Mises, but they can’t reach the bulb.
Kirzner is the one exception who has actually contributed to economics post-Mises.
[…] View original here: Austrian Economics Jokes — tomgpalmer.com […]
[…] Tom Palmer probably deserves some of the heat he receives. A blog post, titled “Austrian Economics Jokes”, said: How many Austrian economists does it take to screw in a […]