I wonder if this cartoon is based, at least in part on a saying of Laurence J. Peter, who said that "an economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." I've said before that I am a financial incompetent, barely capable of balancing my own chequebook, but there seem to be people with little more competence than I have running the economies of countries and multi-national companies. Perhaps this is a function of another of Peter's assertions, (in the principle named after him) that "In a hierarchy every employee tends to rise to his level of incompetence... in time every post tends to be occupied by an employee who is incompetent to carry out its duties... Work is accomplished by those employees who have not yet reached their level of incompetence," People often think that Peter was joking when he framed his eponymous principle, but it is totally serious, deadly so when you consider that the l...
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