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Details: Written by: Richard_McKie; Parent Category: Economy; Category: Markets; Published: 14 December 2010; Hits: 25915

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

California and Las Vegas 2025

In March 2025 Wendy and I flew from Sydney to Los Angeles (LAX) and caught a shuttle bus, south, to San Diego.

After a couple of days in San Diego we joined an eleven day cruise to Mexico, aboard Holland America’s ‘Zaandam’.

You can learn about the cruise and an earlier Mexico trip by following this link: Mexico

On returning to to San Diego, we hired a car to make our way up the coast to: Santa Barbara; San Simeon; and Carmel-by-the-Sea; to San Francisco.
We then flew to Las Vegas before returing to LA, for a few days before flying home to Sydney.

To see my photographs from the California trip follow this link

The text is copied from contemporary postings to my Facebook page

To lean more about Hurst Castle follow this link

Fiction, Recollections & News

To Catch a Thief

(or the case of the missing bra)

It's the summer of 2010; the warm nights are heavy with the scent of star jasmine; sleeping bodies glisten with perspiration; draped, as modestly requires, under a thin white sheet. A light breeze provides intermittent comfort as it wafts fitfully through the open front door.

Yet we lie unperturbed. To enter the premises a nocturnal visitor bent on larceny, or perhaps an opportunistic dalliance, must wend their way past our parked cars and evade a motion detecting flood-light on the veranda before confronting locked, barred doors securing the front and rear entrances to the house.

Yet things are going missing. Not watches or wallets; laptops or phones; but clothes: "Did you put both my socks in the wash?" "Where's my black and white striped shirt?" "I seem to be missing several pairs of underpants!"

Opinions and Philosophy

How does electricity work?

The electrically literate may find this somewhat simplified article redundant; or possibly amusing. They should check out Wikipedia for any gaps in their knowledge.

But I hope this will help those for whom Wikipedia is a bit too complicated and/or detailed.

All cartoons from The New Yorker - 1925 to 2004

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