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Free Lunch: Easily Digestible Economics by David Smith

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6Classical recipes

When we left Adam Smith, it was with an optimistic view of the world. As long as economic freedom was maintained, prosperity would follow. Our next three speakers, all of whom came after Smith, present a much more mixed vision. The first, Thomas Robert Malthus (1766–1834), known as Robert Malthus, was certainly responsible for giving economics its gloomy reputation. It is not clear whether the writer Thomas Carlyle had only Malthus in mind when describing economics as the ‘dismal science’, but it is a label that survives to this day in spite of the fact that most economists are cheery souls. A rather good American economics website and blog is called Dismal Scientist. Also on the bill are two other great economists from the ...

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