Econ101 … to post-doc

An Economist is someone who, when shown that something works in practice, comments ‘Ah, but does it work in theory? (Piero Sraffa, Italian economist, 1898-1983)

One thought on “Econ101 … to post-doc

  1. Proof:
    In practice, only rich guys sell options, while only poor guys buy them. That works in theory because 80 to 90 percent of all options will expire worthless, meaning the rich get richer and the poor get poorer.

    Heh heh. I love capitalism. Don’t you, Trotsky?

    Happy New Year!

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