BTColumn – Economics The dismal science

over 1 year in Barbadostoday

By Ralph Jemmott It was Thomas Carlyle, more remembered as a historian than an economist, who described the academic discipline of Economics as “a dismal science”. What he actually said in explanation was that it was a “rueful” not a “gay” science. The word “rueful” means sorrowful or piteous.’ The term “gay” as it was used […]
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