21 May 2011

The difference between BSE and DSGE
Q. What is the difference between BSE1 and DSGE2?

A. Both are diseases of the brain. The first affects cattle, the second affects economists.

1. Bovine Spongiform Encephalopathy
2. Dynamic Stochastic General Equilibrium

Category: Economics

Philip George
Debunker of Keynesian, monetarist and Austrian economics

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