Economic theories explained in about 3 minutes by Yoram Bauman, http://www.standupeconomist.com.
Of couse he has a PhD in economics…
[youtube=http://www.youtube.com/watch?v=TypWtZYLCF8&list=UUWNVDDLiexqiHNULPQ3kGxg&index=1&feature=plcp]
Some explanations here: http://www.economistsdoitwithmodels.com/2012/03/05/st-happens-even-in-economics/
More videos here: http://www.youtube.com/user/yorambauman
I came across all this by a post on http://anticap.wordpress.com/2012/03/06/st-happens/, thanks, David F. Ruccio.
OK, sometimes we don’t have to make jokes about economic theory, we laugh directly about it…