Essays on Some Unsettled Questions of Political Economy by John Stuart Mill

11 – On the Definition of Political Economy, and on the Method of Investigation Proper to It pt. 3

This is Mill’s first work on economics. It foreshadows his Political Economy which was the standard Anglo-American Economics textbook of the late 19th and early 20th centuries. Mill’s economic theory moved from free market capitalism, to government intervention within the precepts of Utilitarianism, and finally to Socialism.

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Essays on Some Unsettled Questions of Political Economy by John Stuart Mill