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The dismal science is a derogatory alternative name for life economics developed by Thomas Carlyle in the 19th century. Carlyle gave economics the nickname "dismal science" as a response the writings of Thomas Robert Malthus, who predicted that starvation would result, as population growth exceeded the rate of increase in the food supply. In The Wealth of Nations, Adam Smith addressed many issues that are currently also the subject of debate and dispute. Capitalism became a dismal science because someone involved in it would always become poor. Capitalism also broke away from mercantilism. The countries that embraced it were England and the Western World. __The Secret History of the Dismal Science. Part I. Economics, Religion and Race in the 19th Century__. Econ Lib. 19 Apr. 2009 .