The dismal science

"The dismal science" is a derogatory alternative name for economics coined by the Victorian historian Thomas Carlyle in the 19th century. The term drew a contrast with the then-familiar use of the phrase "gay science" to refer to song and verse writing.[1]

Origin

The phrase "the dismal science" first occurs in Thomas Carlyle's 1849 tract called Occasional Discourse on the Negro Question, in which he argued in favor of reintroducing slavery in order to regulate the labor market in 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.[2]

It was "dismal" in "find[ing] the secret of this Universe in 'supply and demand,' and reducing the duty of human governors to that of letting men alone". Instead, the "idle Black man in the West Indies" should be "compelled to work as he was fit, and to do the Maker's will who had constructed him".[3]

False etymology

It is often stated incorrectly that Carlyle gave economics the nickname "the dismal science" as a response to the late 18th century writings of Thomas Malthus, who grimly predicted that starvation would result as projected population growth exceeded the rate of increase in the food supply.[4][5] Carlyle did indeed use the word "dismal" in relation to Malthus' theory in Chartism (1839):

The controversies on Malthus and the 'Population Principle', 'Preventive Check' and so forth, with which the public ear has been deafened for a long while, are indeed sufficiently mournful. Dreary, stolid, dismal, without hope for this world or the next, is all that of the preventive check and the denial of the preventive check.

Criticism

Carlyle's view was attacked by John Stuart Mill as making a virtue of toil itself, stunting the development of the weak, and committing the "vulgar error of imputing every difference which he finds among human beings to an original difference of nature".[3][6]

Beyond Carlyle

Many at the time and afterward have understood the phrase in relation to the grim predictions drawn from the principles of 19th century "political economy". According to Humphry House:[7]

Carlyle's phrase, 'the dismal science', has been so often quoted, that there is a risk of thinking that the opinion behind it was confined to him and his followers; but the opinion was widespread, and thought to be a justifiable inference from the works of the economists: 'No one,' said J. E. Cairnes, 'can have studied political economy in the works of its earlier cultivators without being struck with the dreariness of the outlook which, in the main, it discloses for the human race. It seems to have been Ricardo's deliberate opinion that a substantial improvement in the condition of the mass of mankind was impossible.' It is not merely that the Malthusian principle of population and the doctrine that wages must normally and necessarily fall to the minimum point were gladly accepted by wicked exploiters as the justification of their profits; but thousands whose immediate interests were not touched by these beliefs found it difficult to avoid them. ... Malthus hung over England like a cloud. It is difficult now to realize what it meant to thousands of good and sensible men that they believed his principle of population to be exactly true—believed that as poverty was relieved and the standard of life raised, so surely there would be bred a new race hovering on the misery-line, on the edge of starvation. However they might wish it false, they feared it true...

See also

References

  1. ↑ The latter phrase later appeared as the title of a book by Nietzsche: The Gay Science.
  2. ↑ Carlyle, Thomas (1849). "Occasional Discourse on the Negro Question", Fraser's Magazine for Town and Country, Vol. XL., p. 672.
  3. 1 2 As quoted in Joseph Persky, 1990. "Retrospectives: A Dismal Romantic," Journal of Economic Perspectives, 4(4), pp. 167-169 [pp. 165-172].
  4. ↑ Investopedia Page on The Dismal Science
  5. ↑ Economics Help page on The Dismal Science
  6. ↑ Mill, John Stuart (1850). "The Negro Question," Fraser's Magazine for Town and Country, Vol. XLI, p. 29.
  7. ↑ The Dickens World, Second Edition, Oxford Paperbacks, Oxford University Press, 1960 (1942), pp. 70-71, 75

External links

Look up the dismal science in Wiktionary, the free dictionary.
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