What is the main subject of political economy according to Mill?
In this book, Mill examines the fundamental economic processes on which society is based: production, the distribution of goods, exchange, the effect of social progress on production and distribution, and the role of government in economic affairs.
What type of government did John Stuart Mill want?
Mill argues for representative government, the ideal form of government in his opinion. One of the more notable ideas Mill puts forth in the book is that the business of government representatives is not to make legislation.
Who wrote Principles of Political Economy?
John Stuart Mill
Principles of Political Economy/Authors
Who wrote political economy?
Principles of Political Economy
| Cover first edition, 1848 | |
|---|---|
| Author | John Stuart Mill |
| Language | English |
| Subject | Political philosophy |
| Genre | Nonfiction |
Did John Stuart Mill believe in democracy?
Mill’s major work on political democracy, Considerations on Representative Government, defends two fundamental principles: extensive participation by citizens and enlightened competence of rulers. Mill is one of the few political philosophers ever to serve in government as an elected official.
Did John Stuart Mill believe God?
TL: Mill decided that strictly in terms of proof the right answer to that question of God’s existence is that it is “a very probable hypothesis.” He also thought it was perfectly rational and legitimate to believe in God as an act of hope or as the result of one’s efforts to discern the meaning of life as a whole.
How did John Stuart Mill impact society?
John Stuart Mill (1806-1873) profoundly influenced the shape of nineteenth century British thought and political discourse. His substantial corpus of works includes texts in logic, epistemology, economics, social and political philosophy, ethics, metaphysics, religion, and current affairs.
What is the contribution of John Stuart Mill in economics?
In Principles of Political Economy, which became the leading economics textbook for forty years after it was written, Mill elaborated on the ideas of David Ricardo and Adam Smith. He helped develop the ideas of economies of scale, opportunity cost, and comparative advantage in trade.