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Details: Written by: Richard_McKie; Parent Category: Economy; Category: Markets; Published: 14 December 2010; Hits: 25761

Thomas Carlyle coined this epithet in 1839 while criticising Malthus, who warned of what subsequently happened, exploding population.

According to Carlyle his economic theories: "are indeed sufficiently mournful. Dreary, stolid, dismal, without hope for this world or the next" and in 1894 he described economics as: 'quite abject and distressing... dismal science... led by the sacred cause of Black Emancipation.' The label has stuck ever since.

This 'dismal' reputation has not been helped by repeated economic recessions and a Great Depression, together with continuously erroneous forecasts and contradictory solutions fuelled by opposing theories.

This article reviews some of those competing paradigms and their effect on the economic progress of Australia.

Travel

Central Australia

In June 2021 Wendy and I, with our friends Craig and Sonia (see: India; Taiwan; Japan; China; and several countries in South America) flew to Ayer's Rock where we hired a car for a short tour of Central Australia: Uluru - Alice Springs - Kings Canyon - back to Uluru. Around fifteen hundred kilometres - with side trips to the West MacDonnell Ranges; and so on.

Fiction, Recollections & News

My Mother's Family

All my ancestors are now dead. I'm an orphan. So for this history I've had to rely on my recollections a small pile of documents left by my mother. These include short biographies of several of her relatives. Following the female line; these recollections briefly span the two world wars; to the present.

Opinions and Philosophy

Climate Change - a Myth?

Back in 2015 a number of friends and acquaintances told me that Climate Change is a myth.

Half a decade on and some still hold that view. So here I've republished a slightly longer version of the same article.

Obviously the doubters are talking about 'Anthropogenic Global Warming', not disclaiming actual changes to the climate. For those of us of a 'certain age' our own experience is sufficient to be quite sure of that the climate is continuously changing. During our lifetimes the climate has been anything but constant. Else what is drought and flood relief about? And the ski seasons have definitely been variable.

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