the dismal science
Carlyle's economic label
The dismal science is economics, so named by the Victorian essayist Thomas Carlyle.
The phrase endures as a wry acknowledgment that economics concerns itself with scarcity, tradeoffs, and constraints—telling us what we can't have rather than what we can: The dismal science predicts rising unemployment if interest rates climb.
- financeProvide money for
- fiscalOf public revenue
- scarcityInsufficiency of something needed
- pessimismExpecting unfavorable outcomes
- monetaryOf or about currency
Karl Marx · economics · poverty · bread and butter · recession · boom and bust · depression · inequality · Adam Smith · invisible hand · free market · laissez faire · unemployment · Malthus · socialism · classical economics · capitalism · John Maynard Keynes
the dismal sciencepositive psychology
Study of human flourishing
the dismal sciencethe arts
Creative and aesthetic pursuits
fine arts · poetry · music · creative writing · aesthetics
the dismal sciencephysics
Science of matter and energy
chemistry · biology · natural science · experimental science · hard science
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