Different Matters by Damien Grant
Dr Eric Crampton on Different Matters
Feb 8, 2024
Dr. Eric Crampton, Chief Economist at The New Zealand Initiative, discusses 'How the Dismal Science Got Its Name' with host. Topics include differing views on slavery and race in the 19th century, Thomas Carlisle's controversial views, debates on conduct attribution, controversial governor's actions in Jamaica, revisiting historical debates on market egalitarianism and slavery, and exploring moral egalitarianism and autonomy in decision-making.
55:04
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Quick takeaways
- The term 'Dismal Science' originated from criticisms of economics by Thomas Carlyle, not from economic pessimism.
- Historical debates on slavery and market capitalism shape economic views and moral principles in the past.
Deep dives
The Origins of the Term 'Dismal Science'
The podcast delves into the origin of the term 'Dismal Science', which is often associated with economics. It challenges the common belief that the term refers to the nature of economists being pessimistic. It explores how the name actually stems from Thomas Carlyle's criticisms of economics and its association with slavery.
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