The surprising origin of “the dismal science” [Slavery versus Free-market capitalism]
Reprising from my interview with economist David Henderson: I asked him how economics came to be called the “dismal science.” The source, he explained, was Thomas Carlyle, the nineteenth-century historian and essayist. The surprising reason for his coining the phrase? Carlyle was attacking free-market liberals for advocating the end of slavery. Free-market liberals argued that […]
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