RRRRRRRRRRRRRRRRRRRRRR!!!! Second Annual Talk Like an Economist Pirate Day.

Enough talk about the market downturn plundering your booty. Last Year, this blog got taken over by pirates on International Talk Like a Pirate Day.

Here’s an article on Pirate Economics to celebrate international talk like a pirate day:

And 3 Pirate Econ Jokes!

1. How did the Pirate Economist check the validity of his model?

RRRRRRRRRRRRRRRR-square

2. How did the Pirate Economist take advantage of different prices in two markets?

Arrrrrrrrrrrrrrrrrrrrrrrrrr!bitrage

3. How did the other pirate economists honor the best young economist?

With the Clarrrrrrrrrrrrrrrrrrrrrk! Medal


If we need to defend against Economic pirates, I’m calling Nobel Prize winner James Tobin, who served in WWII on a Navy destroyer and:

“Tobin invented what has come to be called as Tobit or logit analysis where a dependent variable is restricted to certain values. This regression technique has been found to be useful in many socio-economic problems. Incidentally, the name Tobit is taken from the novel, Mutiny on the Bounty, written by Herman Wouk, who served in the Navy with Tobin and named a principal character in the novel after him.”