Bolivia

In October 2011 our little group: Sonia, Craig, Wendy and Richard visited Bolivia. We left Puno in Peru by bus to Cococabana in Bolivia. After the usual border form-filling and stamps, and a guided visit to the church in which the ‘Black Madonna’ resides, we boarded a cruise boat, a large catamaran, to Sun Island on the Bolivian side of the lake.

Now I am seventy

 On the occasion of an afternoon tea to mark this significant milestone...

Hang on!  Now I'm seventy?  How did that happen? 

A Dismal Science

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.