It's called the dismal science because of Malthus. All Malthusian
analysis comes to the same conclusion, humanity will reproduce until it
uses up all available resources, (in Malthus' time that was
primarily food), then in extremis the population crashes, and you have
Mad Max, or a slightly more genteel version of that, Maltus was, after
all, a man of the late 18th early 19th centenary, with the survivors
fighting over what's left.
The reason that Economics is called the dismal science can be traced
directly to this analysis.
On 8/29/2015 4:50 PM, Daniel J. Matyola wrote:
On Sat, Aug 29, 2015 at 4:01 PM, P.J. Alling <[email protected]> wrote:
here is a reson they call it the dismal > I have been trained as an economist,
There is a reason they call it the dismal science.
I always thought it was more dismal than science, however.
Dan Matyola
http://www.pentaxphotogallery.com/danieljmatyola
--
I don't want to achieve immortality through my work; I want to achieve
immortality through not dying.
-- Woody Allen
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