Economists Do It With Models

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Dismal Science Jokes Just Never Get Old…

March 4th, 2012 · 2 Comments
Just For Fun

Yes, yes, economics is the “dismal science”, we get it:

The popular belief is that Carlyle started using the phrase in response to the “dismal” prediction of 19th-century reverend and scholar Thomas Malthus, who forecasted that the rate of growth in the food supply as compared to the rate of the growth in population would result in mass starvation. (Luckily for us, Malthus’ assumptions regarding technological progress were overly, well, dismal, and such mass starvation never transpired.)

Turns out that the popular belief is an urban legend to some degree (and you can read the rest of the article to learn the real story), but I can’t help but think that item 4 here qualifies as an economics joke anyway:

(From the Improper Bostonian)

Tags: Just For Fun

2 responses so far ↓

  • 1 // Sep 19, 2014 at 9:24 pm

    Touche. Great arguments. Keep up the good effort.

  • 2 // Dec 27, 2014 at 6:37 am

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