*be sceptical - take nothing for granted!
Unless otherwise indicated all photos © Richard McKie 2005 - 2019

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Thomas Carlyle coined this epithet in 1839 while criticising  Malthus, who warned of what subsequently happened, exploding population.

According to Carlyle his economic theories: "are indeed sufficiently mournful. Dreary, stolid, dismal, without hope for this world or the next" and in 1894 he described economics as: 'quite abject and distressing... dismal science... led by the sacred cause of Black Emancipation.'  The label has stuck ever since.

This 'dismal' reputation has not been helped by repeated economic recessions and a Great Depression, together with continuously erroneous forecasts and contradictory solutions fuelled by opposing theories.  

This article reviews some of those competing paradigms and their effect on the economic progress of Australia.


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Travel

Cambodia and Vietnam

 

 

 In April 2010 we travelled to the previous French territories of Cambodia and Vietnam: ‘French Indochina’, as they had been called when I started school; until 1954. Since then many things have changed.  But of course, this has been a region of change for tens of thousands of years. Our trip ‘filled in’ areas of the map between our previous trips to India and China and did not disappoint.  There is certainly a sense in which Indochina is a blend of China and India; with differences tangential to both. Both have recovered from recent conflicts of which there is still evidence everywhere, like the smell of gunpowder after fireworks.

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Fiction, Recollections & News

Australia in the 1930s

 

 

These recollections are by Ross Smith, written when he was only 86 years old; the same young man who subsequently went to war in New Britain; as related elsewhere on this website [read more...].  We learn about the development of the skills that later saved his life and those of others in his platoon.  We also get a sense of what it was to be poor in pre-war Australia; and the continuity of that experience from the earlier convict and pioneering days from which our Australia grew.                   *

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Opinions and Philosophy

Whither Peak Oil

 

 

The following paper was written back in 2007.  Since that time the Global Financial Crisis (GFC) struck and oil prices have not risen as projected.  But we are now hearing about peak oil again and there have been two programmes on radio and TV in the last fortnight floating the prospect of peak oil again. 

At the end of 2006 the documentary film A Crude Awakening warned that peak oil, ‘the point in time when the maximum rate of petroleum production is reached, after which the rate of production enters its terminal decline’, is at hand. 

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