Dismal Science—Yes Then No

David Goalstone

Chapter 15 in Macrofoundations of Political Economy and Development, 2007, pp 143-151 from Palgrave Macmillan

Abstract: Abstract Steuart, Quesnay, and Smith analyzed the subsistence problem in order to find a lasting solution through the establishment of Social Science. In Bentham’s quote we find a bald expression of the naysayer version—the Dismal Science. According to Bentham, civil law had four distinct objects: subsistence, abundance, equality, and security. That would seem to be the logical order since the others are not possible without an adequate social subsistence. However, Bentham believed natural law was the only needed authority over subsistence:

Keywords: Political Economy; Agrarian Society; Money Price; Agricultural Surplus; Competitive Market Condition (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230604315_15

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