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Is Economics a Dismal Science?

A famous quote is that of Thomas Carlyle stating economics as the dismal science. Thomas Carlyle complained that society had become mechanical and lost much of its humanity because of the abstraction of ‘real things’ into monetary terms.

In fact, there appears much gloom around the fabled world of money and exchange, and as someone who is outside of this field of study I wrestle with just what it all means and what is the practical nature of economics (also known as political economy).

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Business and Community

We live in interesting times. When attending a conference on how businesses can become involved in their communities, I was impressed at the interest that the business community has in ‘putting something back in’.

So many questions are being asked as the economy goes through all of it’s changes and adjustments. For many it is a time when belts are tightened and prospects seem uncertain. We are being asked these questions by our circumstances and being pressed to come up with solutions. Read more