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A slang name for the field of economics. The name is based on the sometimes unpleasant conclusions of economic theories, such as diminishing marginal returns. This phrase was popularized by Thomas Carlyle in the 1800s.
Read more: http://www.investorwords.com/1490/dismal_science.html#ixzz2OvMkg93m
Lots of info here>>http://www.krannert.purdue.edu/faculty/smartin/ioep/dismal.pdf
11 years ago. Rating: 5 | |
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