Tuesday, July 9, 2013

Greg Mankiw's Blog: EconRhymes

An excerpt from a new poetry collection on economics:
An Economist 
(Economists study how society produces and distributes its scarce resources.)
An economist pretends to knowWhy things are made and how they flow.He studies men’s biggest woe,He wants it all, what to forego. 
Like a machine with unseen gearsThrough greed a solution appears. By making what men hold most dearProfits are earned by serving peers. 
To boost theirs and the common's gainBecome experts in their domains.To make one thing well they attain,Through trade the rest they obtain. 
But their profits diverge by much.Those with great tools earn a whole bunch.Tools like machines, schooling and such Boost production so very much.

Greg Mankiw's Blog: EconRhymes

Awesome.

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