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The dismal science is a derogatory term for the discipline of economics. [1] Thomas Carlyle used the phrase in his 1849 essay " Occasional Discourse on the Negro Question " in contrast with the then-familiar phrase "gay science" used to refer to the art of troubadours .
"Occasional Discourse on the Negro Question" is an essay by the Scottish essayist Thomas Carlyle. It was first published anonymously in Fraser's Magazine for Town and Country of London in December 1849, [1] and was revised and reprinted in 1853 as a pamphlet entitled "Occasional Discourse on the Nigger Question". [2]
Naked Economics: Undressing the Dismal Science is a book by Charles Wheelan that seeks to translate basic economic issues into a format that can be easily read by people with little or no previous knowledge of economics.
At the end of the year, Carlyle reported to Karl August Varnhagen von Ense that his earlier efforts to popularise German literature were beginning to produce results, and expressed his satisfaction: "Deutschland will reclaim her great Colony; we shall become more Deutsch, that is to say more English, at same time."
Poor financial planning: Lack of budgeting or inadequate financial management. Reduced income : A decrease in income, such as from loss of employment, reduced business profits or other factors.
The text was not without criticism. While it praised the "mixed economy" of market and government, some found that too radical and attacked it as socialist. As a precursor to criticisms of Samuelson's Economics textbook, Lorie Tarshis 's textbook was attacked by trustees of, and donors to, American colleges and universities as preaching a ...
In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. [1]
Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with low volatility. It also involves financial systems' stress-resilience being able to cope with both good and bad times. Financial stability is the aim of most governments and central banks. The aim is not to ...