Wednesday, September 29, 2010

Assume nothing

One day in microeconomics, the professor was writing up the typical "underlying assumptions" in preparation to explain a new model.

Steve turned to his friend, Mike, and asked, "What would Economics be without assumptions?"

Mike thought for a moment, then replied, "Accounting."

No comments:

5 new Christmas carols for accountants

Frosty the Snowman → Frosty the Taxman   Do You Hear What I Hear? → Do You See What I See? That mystery journal entry no one claims to have...