George Akerlof Puns

EDIT After many responses my main concern is not being addressed which is the statements found in Akerlof's paper are not accurate because markets do not fail the way he describes them. See direct quotes below

My attempt to research this topic is found here:

https://medium.com/@joshuadavis31/are-lemons-markets-real-14e3d708eafc

My reasoning that lemon markets do not exist is summed up by saying:

1. Not every customer within a market has the same set of standards i.e. all people don’t uniformly measure quality in the same way.
2. What is a lemon to some people will be acceptable to others.
3. Since there is a wide range of participants within a market with a wide range of standards markets with lemons should never fail.
4. If markets with lemons never fail they cannot be lemon markets since “inferior goods tends to drive the market out of existence” and we never see that happening.

I really do want to understand this topic better and I would be willing to change my view if:

• Someone could demonstrate that Lemon markets do exist i.e. that information asymmetry can drive down the quality of products such that markets completely fail. If you are making this case you need to explain what "failure" means in terms of time and geography in a way that clearly describes how many people lost access to a good or service and for what duration.

Example: The health insurance market in the state of A did not offer product B from date C to date D. Approximately E number of people who were looking for product B lost the ability to buy it or any similar product from any health insurance provider in this locality at this time until it was sold again after date D.

OR

• Someone could convince me that that writing about phenomena that exists in the real world is not a requirement for being awarded a Nobel Prize i.e. even if there is no lemon markets valuable insights about how the real economy works can be derived by discussing imaginary phenomena.

If this is the case you must cite at least one other Nobel prize awarded for describing phenomena which is generally regarded to be imaginary.

EDIT 2 Just to put things into the right context since so many people seem to be playing down the value of receiving a Nobel prize I offer up for your consideration one man's testimony who also won the Nobel prize for Physics in the exact same year 2001

http://www.youtube.com/watch?v=B48XgtYWHug&t=42m20s

EDIT Direct quotes from paper which are logically inconsi

George Akerlof, premio nobel de economía, considera que en España hace falta un plan de estímulo para reducir el desempleo.

Una de las bases esenciales para lograr el apoyo de la gente a las políticas públicas es construir un relato emocional que los enganche....También es esencial el compromiso...

Su último libro se titula Phising for Phooles (en español, La economía de la manipulación).

Akerlof, con sus investigaciones, ha puesto en evidencia las debilidades del mercado, en dónde los consumidores tienen información asimétrica cuando toman sus decisiones de consumo....Y es que los mercados no son "racionales", como algunos pretenden...por lo que es necesario poner en el centro a las personas y sus comportamientos.

Los consumidores suelen tomar malas decisiones, inducidos por el propio mercado....¿Por qué la gente, por ejemplo, sigue comiendo "comida basura" aún a sabiendas de que es algo muy malo para su salud?

Los grandes partidos se gastan grandes cantidades de dinero en anuncios de televisión...Tal dinero lo reciben de entidades privadas...Más tarde, cuando los políticos elegidos legislen, introducirán pequeños cambios en beneficio de algunos, y eso es, cada vez, más escandaloso y muy difícil de comprender por el gran público....

Un gran problema actual es que los salarios han crecido mucho más despacio entre las personas que no tienen estudios superiores.... La distancia entre el 99% y el 1% está aumentando año tras año....El salario mínimo sería una de las fórmulas para tratar e intentar resolver el problema...

Lo que queremos es un sistema económico que dé a la gente unas condiciones de vida mínimas para vivir y tener tiempo de ocio. Necesitamos para eso unas condiciones de demanda agregada que den a la gente trabajos para tener un buen nivel de vida, algo que no hay en España.

http://www.eldiario.es/economia/implantar-salario-minimo-positivo-valorarlo_0_535097086.html

I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.

Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.

Alot of great jokes get posted here! However just because you have a joke, doesn't mean it's a dad joke.

THIS IS NOT ABOUT NSFW, THIS IS ABOUT LONG JOKES, BLONDE JOKES, SEXUAL JOKES, KNOCK KNOCK JOKES, POLITICAL JOKES, ETC BEING POSTED IN A DAD JOKE SUB

Try telling these sexual jokes that get posted here, to your kid and see how your spouse likes it.. if that goes well, Try telling one of your friends kid about your sex life being like Coca cola, first it was normal, than light and now zero , and see if the parents are OK with you telling their kid the "dad joke"

I'm not even referencing the NSFW, I'm saying Dad jokes are corny, and sometimes painful, not sexual

So check out r/jokes for all types of jokes

r/unclejokes for dirty jokes

r/3amjokes for real weird and alot of OC

r/cleandadjokes If your really sick of seeing not dad jokes in r/dadjokes

Punchline !

Edit: this is not a post about NSFW , This is about jokes, knock knock jokes, blonde jokes, political jokes etc being posted in a dad joke sub

Edit 2: don't touch the thermostat

Do your worst!

How the hell am I suppose to know when it’s raining in Sweden?

Mathematical puns makes me number

Ants don’t even have the concept fathers, let alone a good dad joke. Keep r/ants out of my r/dadjokes.

But no, seriously. I understand rule 7 is great to have intelligent discussion, but sometimes it feels like 1 in 10 posts here is someone getting upset about the jokes on this sub. Let the mods deal with it, they regulate the sub.

They were cooked in Greece.

I'm surprised it hasn't decade.

He lost May

Now that I listen to albums, I hardly ever leave the house.

Don't you know a good pun is its own reword?

Two muffins are in an oven, one muffin looks at the other and says "is it just me, or is it hot in here?"

Then the other muffin says "AHH, TALKING MUFFIN!!!"

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

It really does, I swear!

Hope musk is lurking here. Would love it if Tesla finance allows BTC as collateral for buying Teslas. That would be so sweet. Get BNY Mellon to act as custodian. Sales will 🚀🚀🚀

And now I’m cannelloni

Because she wanted to see the task manager.

And boy are my arms legs.

But that’s comparing apples to oranges