WHILE waiting in line at the bank, a co-worker developed a very loud case of hiccups. By the time he reached the teller's window, the hiccups seemed to have worsened.

The teller took my friend's check and proceeded to run a computer verification of his account. After a minute she looked up from her terminal with a frown and said that she would be unable to cash his check.

"Why not?" my friend asked incredulously.
"I'm sorry, sir," she replied, "but our computer indicates that you do not have sufficient funds to cover this amount. As a matter of fact," she continued, "our records show your account overdrawn in excess of $5000."

"It can't be!" he cried. "You have to be kidding!"
"Yes, I am," she answered with a smile, counting out his cash. "But you will notice that your hiccups are gone."

An INVESTMENT BANKER called the waiter to him and in a raucous voice said, "I want a chicken smothered in gravy."

"If you want it killed in a cruel way like that," said the waiter, "you'll have to do it yourself."

One day a woman went for a walk in her neighborhood and came across a boy with some puppies. "Would you like a puppy? They aren't ready for new homes quite yet, but they will be in a few weeks!"

"Oh, they're adorable," the lady said. "What kind of dogs are they?"

"These are economists."

"OK. I'll tell my husband."

So she went home and told her husband. He was very interested to see the puppies. About a week later he came across the lad; the puppies were very active.

"Hey, Mister. Want a puppy?"

"I think my wife spoke with you last week. What kind of dogs are these?"

"Oh. These are decision analysts."

"I thought you said last week that they were economists."

"Yeah, but they've opened their eyes since then."

SOCIALISM: You have two cows. State takes one and give it to someone else.

COMMUNISM: You have two cows. State takes both of them and gives you milk.

FASCISM: You have two cows. State takes both of them and sell you milk.

[censored]SM: You have two cows. State takes both of them and shoot you.

BUREAUCRACY: You have two cows. State takes both of them, kill one and spill the milk in system of sewage.

CAPITALISM: You have two cows. You sell one and buy a bull.

Alternative: A COWSMIC VIEW OF WORLD ORGANIZATION

FEUDALISM: You have two cows. Your lord takes some of the milk.

PURE SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. You have to take care of all the cows. The government gives you as much milk as you need.

BUREAUCRATIC SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. They are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and as many eggs as the regulations say you should need.

FASCISM: You have two cows. The government takes both, hires you to take care of them, and sells you the milk.

PURE COMMUNISM: You have two cows. Your neighbors help you take care of them, and you all share the milk.

RUSSIAN COMMUNISM: You have two cows. You have to take care of them, but the government takes all the milk.

DICTATORSHIP: You have two cows. The government takes both and shoots you.

SINGAPORE DEMOCRACY: You have two cows. The government fines you for keeping two unlicensed animals in an apartment.

MILITARIANISM: You have two cows. The government takes both and drafts you.

PURE DEMOCRACY: You have two cows. Your neighbors decide who gets the milk.

REPRESENTATIVE DEMOCRACY: You have two cows. Your neighbors pick someone to tell you who gets the milk.

AMERICAN DEMOCRACY: The government promises to give you two cows if you vote for it. After the election, the president is impeached for speculating in cow futures. The press dubs the affair "Cowgate".

BRITISH DEMOCRACY: You have two cows. You feed them sheep's brains and they go mad. The government doesn't do anything.

BUREAUCRACY: You have two cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. After that it takes both, shoots one, milks the other and pours the milk down the drain. Then it requires you to fill out forms accounting for the missing cows.

ANARCHY: You have two cows. Either you sell the milk at a fair price or your neighbors kill you and take the cows.

CAPITALISM: You have two cows. You sell one and buy a bull.

HONG KONG CAPITALISM: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with associated general offer so that you get all four cows back, with a tax deduction for keeping five cows. The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the rights to all seven cows' milk back to the listed company. The annual report says that the company owns eight cows, with an option on one more. Meanwhile, you kill the two cows because the Feng S[censored] is bad.

ENVIRONMENTALISM: You have two cows. The government bans you from milking or killing them.

FEMINISM: You have two cows. They get married and adopt a veal calf.

TOTALITARIANISM: You have two cows. The government takes them and denies they ever existed. Milk is banned.

POLITICAL CORRECTNESS: You are associated with (the concept of "ownership"is a symbol of the phallo-centric, war-mongering, intolerant past) two differently-aged (but no less valuable to society) bovines of non-specified gender.

COUNTER CULTURE: Wow, dude, there's like... these two cows, man. You got to have some of this milk. Far out! Awesome!

SURREALISM: You have two giraffes. The government requires you to take harmonica lessons.

JAPANESE DEMOCRACY: You have two cows. You give the milk to gangsters so they don't ask any awkward questions about who you're giving the milk to.

EUROPEAN FEDERALISM: You have two cows which cost too much money to care for because everybody is buying milk imported from some cheap east-European country and would never pay the fortune you'd have to ask for your cows' milk. So you apply for financial aid from the European Union to subsidise your cows and are granted enough subsidies. You then sell your milk at the former elevated price to some government-owned distributor which then dumps your milk onto the market at east-European prices to make Europe competitive. You spend the money you got as a subsidy on two new cows and then go on a demonstration to Brussels complaining that the European farm-policy is going drive you out of your job.

EASTERN EUROPEAN DEMOCRACY: You have two cows. You sell the milk (diluted with some water) at a high price to the neighbors or to anyone at the open-air market. If somebody asks for receipt, you charge for a two times higher price, so nobody will request an invoice. For concerned families with small babies you claim that the milk is "bio", though you collect the grass for feeding at the side of the highway and you keep the milk in plastic barrels used previously as containers of dangerous chemicals. Later, your neighbor or anybody from town will steal the cows and will buy their meat for a high price, and if you ask for a receipt, you will be charged for a two times higher price.

FINNISH SOCIALISM: You have two cows. Soon you have to kill one of them because in the Netherlands there is an overproduction of milk and the European Union rules say so. When you do so, you realize that it was not necessary, only the system was too slow in getting you the up-to-date news. From the stress, you get an ulcer in your stomach so you go to a doctor. The doctor realizes that this ulcer is a serious one, so you need an urgent treatment. Therefore, you soon get a call to the local hospital. The call's date is for 3 months later, because there is a queue with more urgent cases. Then your ulcer becomes even more serious because you remember that 40 percent of your income is taken for social tax.

A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun.

Finally he said, ' OK see that big mountain over there?'

'Yes', answered the others eagerly.

'Well, according to the map, we're standing on top of it.

INTEREST GROUP ECONOMIST VIRUS - Divides your hard disk into hundreds of little units, each of which does practically nothing, but all of which claim to be the most important part of the computer.

ECONOMETRICIAN VIRUS - Sixty percent of the PCs infected will lose 38 percent of their data 14 percent of the time (plus or minus a 3.5 percent margin of

POLITICAL THINK TANK ECONOMIST VIRUS - Doesn't do anything, but you can't get rid of it until next election.

GOVERNMENT ECONOMIST VIRUS - nothing works on your system, but all your diagnostic software says everything is just fine.

MARXIAN ECONOMIST VIRUS - Helps your computer shut down whenever it wants to.

SOVIET ECONOMIST VIRUS - Crashes your computer, but denies it ever happened.

MAINSTREAM ECONOMIST VIRUS - It claims it feels threatened by the other files on your PC and erases then in "self-defense."

CENTRAL BANK ECONOMIST VIRUS - Makes sure that it's bigger than any other file.

MULTINATIONAL CORPORATION ECONOMIST VIRUS - Deletes all monetary files, but keeps smiling and sending messages about how the economy is going to get better.

SUPPLY SIDE ECONOMIST VIRUS - Puts your computer to sleep for four years. When your computer wakes up, you're trillion more dollars in debt.

NEW ECONOMY VIRUS - Also known as the "Tricky [censored]Virus." You can wipe it out, but it always makes a comeback.

ENVIRONMENTAL ECONOMIST VIRUS - Before allowing you to delete any file, it first asks you if you've considered the alternatives.

An econometrician and an astrologer are arguing about their subjects. The astrologer says, "Astrology is more scientific. My predictions come out right half the time. Yours can't even reach that proportion". The econometrician replies, "That's because of external shocks. Stars don't have those".

A mathematician, a theoretical economist and an econometrician are asked to find a black cat (who doesn't really exist) in a closed room with the lights off:

The mathematician gets crazy trying to find a black cat that doesn't exist inside the darkened room and ends up in a psychiatric hospital.

The theoretical economist is unable to catch the black cat that doesn't exist inside the darkened room, but exits the room proudly proclaiming that he can construct a model to describe all his movements with extreme accuracy.

The econometrician walks securely into the darkened room, spend one hour looking for the black cat that doesn't exits and shouts from inside the room that he has it catched by the neck."

I know that economics is ruling my life when - I tried to calculate my 3 year old son's discount rate by seeing how many sweets he would require to be promised to him after dinner to be equivalent to one sweet before dinner - I spent one hour in a toy shop making up over 20 bundles of toys that could be purchased for $25 and then asked my son to select one of these bundles