Humorous Economics Songs
The songs below are from an old Law and Economics Center summer camp in which law professors learned economics.
WHO NEEDS ECONOMISTS?
Who needs economists
And their self-love?;
They’re so heartless
And artless-
On the road to the gold they dream of;
From the Mannes
To the Alchians
Their own mothers they would sell,
Who needs economists?
Assume them in Hell,
THANK HEAVEN FOR MR COASE
Thank heaven for Mr. Coase
He does things in a most efficient way.
Thank heaven for Mr. Coase
He told us- why Fig-era is just passe.
He said if we’d just count the costs for each side
The parties bargain and no cases have to be tried
Thank heaven for Mr. Coase,
Without him where would all of us be?
HOBERMAN’S LAMENT
Oh where, oh where, have those bad lawyers gone?
Oh where, oh where, can they be?
If they must skip lunch
I would like it a bunch
If they’d just report it to me.
EFFICIENT GRACE
Convex preference maps have shown the way
To save a wretch like me.
Before I read my Alchi-an
Twas blind but now I see.
My eyes are tuned to gains from trade
Ignore transaction costs.
Just maximise utility
Avoid the deadweight loss.
I found a point upon my curve
My soul is finally free,
I lie inside my Edgeworth box
In optimality.