S*** happens: The economics version

Stand-up economist Yoram Bauman doesn't usually swear... but it's unavoidable in this routine ("S*** happens: the economics version"). Filmed at the 2012 American Economic Association humor session in Chicago, Jan 7, 2012.

There's an old joke that explains world religions
through the example of "Shit happens."

This is actually a very useful tool for understanding
different world religions. I think that it's instructive.

So I thought that maybe we could attempt to do
something similar to this in economics.

The basic economics version, of course, is the
difference between microeconomics and macroeconomics.

There's actually been a tremendous amount of progress in macroeconomics
over the last century, so if you want the macroeconomics version...

There are of course other fields in economics, which happens to be...

Then there are a couple of fan submissions.

I told folks that I would give them a free copy of my Cartoon Macroeconomics
book if they submitted something that I used during the show tonight.

…which is actually a brilliant definition
that no one will be able to use in class ever.

That is a very in joke among the
environmental economics crowd.