Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.

Summary

This quote suggests that economics is often referred to as the dismal science, implying that it is a gloomy and pessimistic field of study. However, the quote also points out that upon closer understanding of economics, one may realize it is not as bleak as it seems. Nonetheless, it also implies that while economics may shed light on many aspects of human behavior and decision-making, it falls short of being classified as a strictly scientific discipline.

Topics