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Dismal Science
The dismal science is a derogatory term for the discipline of economics. Thomas Carlyle used the phrase in his 1849 essay "Occasional Discourse on the Negro Question" in contrast with the then-familiar phrase "gay science" used to refer to the art of troubadours. Origin The phrase "the dismal science" first occurs in Thomas Carlyle's 1849 tract, "Occasional Discourse on the Negro Question", in which he argued in favor of reintroducing slavery in order to restore productivity to the West Indies: "Not a 'gay science', I should say, like some we have heard of; no, a dreary, desolate and, indeed, quite abject and distressing one; what we might call, by way of eminence, the ''dismal science''." Economics was "dismal" in "find ngthe secret of this Universe in 'supply and demand', and reducing the duty of human governors to that of letting men alone" or personal freedom. Instead, the "idle black man in the West Indies" should be "''compelled'' to work as he was fit, and to ''do'' the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
