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Dismal Science—Yes Then No

In: Macrofoundations of Political Economy and Development

Author

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  • David Goalstone

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:

Suggested Citation

  • David Goalstone, 2007. "Dismal Science—Yes Then No," Palgrave Macmillan Books, in: Macrofoundations of Political Economy and Development, chapter 15, pages 143-151, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-60431-5_15
    DOI: 10.1057/9780230604315_15
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