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Mar
20
2009

Quote 20: Nigel Pinkerton on the derivation of economic models

I heard the following gem round the water cooler at work:

Beer makes economics happen

I felt that given it is a Friday, and given that there is a lot of economics going on, this quote was felt especially poignant.

Personally I think Jagermeister is a better economic stimulant – but I understand that I’m in the minority.

About the author

Matt Nolan

Matt Nolan is an economist at Infometrics (although the opinions expressed are independent of the organisation) . Email: nolan.matt@gmail.com; matt@infometrics.co.nz. Work phone: 04-496-5290

Permanent link to this article: http://www.tvhe.co.nz/2009/03/20/quote-20-nigel-pinkerton-on-the-derivation-of-economic-models/

5 comments

  1. agnitio says:

    A couple economists I respect claim to do their best thinking over a single malt whiskey:)

    Although, possibly the smartest economist I know doesn’t drink but eats a lot of chocolate…

  2. Matt Nolan says:

    @agnitio

    That is some variation – maybe we need a poll

  3. Andrew says:

    Research = A*F(alcohol,grease,sugar,caffeine,ideas,work).

  4. Matt Nolan says:

    I’m not sure that research is monotonic in any of those variables :P

  5. Miguel Sanchez says:

    Someone once told me about an economist who was worried that his mind was starting to slow down as he entered middle age, so he started taking speed – the story goes that he produced some highly acclaimed papers while under the influence. Unfortunately I didn’t catch the name so I have no way to check if it’s true – can anyone help?

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