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In October 2011 our little group: Sonia, Craig, Wendy and Richard visited Brazil. We entered Brazil from Argentina near the Iguassu Falls.
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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.
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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.
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