Thomas Carlyle, 'the dismal science', and the contemporary political economy of slavery.(Essay)

History of Economics Review | June 22, 2001| | Copyright

Thomas Carlyle's description of political economy as the 'dismal science' is well known. Several of the classical history of economic thought texts quote him on the subject and, occasionally, mention some of his other pronouncements on economics, particularly his critical outlook on laissez faire. Examples include Cossa (1893, p. 106), Gide and Rist (1949, p. 542) and Schumpeter (1959, pp. 409-11). Bonar (1894, pp. 227-8) mentioned the matter in his article on Carlyle for Palgrave's Dictionary of Political Economy. Subsequently, he (Bonar 1922, pp. 230n, 248n) and Robbins's ...

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