Economics Dictionary of ArgumentsHome
| |||
|
| |||
| John Stuart Mill: John Stuart Mill was a British philosopher and economist, known for his work on utilitarianism and political economy. His most important works include "Principles of Political Economy" (1848) and "On Liberty" (1859). Mill made significant contributions to economic theory, advocating for free markets, individual freedoms, and social reform._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Murray N. Rothbard on Mill, John Stuart - Dictionary of Arguments
Rothbard II 278 John Stuart Mill/Rothbard: (…) John Stuart Mill (…) came down, albeit of course 'moderately', on the side of his father's [James Mill] two idols, Bentham and Ricardo. In philosophy, he abandoned hardcore cadre Benthamism, for softcore 'moderate' Benthamite utilitarianism. And in economics, he not only was basically and proclaifnedly a Ricardian; he also gladdened his father's ghost by re-establishing Ricardianism on the throne of British economics, a feat he accomplished through the enormous popularity and dominance of his Principles of Political Economy (1848)(1). So even though John Stuart substituted moderate for full-fledged democracy, and, still more disturbingly, moderate statism and socialism for his father's laissez-faire, James Mill might have been gladdened by his son's ability to reimpose Ricardianism upon the world of economics. Indeed, the great advances of the anti-Ricardians of the 1820s, 1830s, and 1840s were truly forgotten in Mill's re-establishment of the cost, and indeed the labour, theory of value, the Ricardian rent theory, Malthusian wage and population theory and the remainder of the Ricardian apparatus. For not the first or last time in the history of economic and social thought, error displaced truth from the post of dominance in the intellectual world. In placing Ricardo back upon the throne of economics, John Stuart was fulfilling perhaps the most cherished, although one of the most fallacious, of his father's goals and principles. >James Mill, >David Ricardo, >Economy/Ricardo, >Jeremy Bentham. Rothbard II 279 Economics/Ricardo/John Stuart Mill/Rothbard: (…) Mill engaged in a strategy of duplicity to confuse the enemy and to win their support for at least the essentials of the true Ricardian doctrine. If de Marchi(2) is correct, there is far more Machiavelli in Mill's dithering 'openness' to all points of View than has been supposed.? De Marchi notes that Mill had consciously adopted, since 1829, what Mill called the strategy of 'practical eclecticism', which amounts to lulling and disarming the opposition and, by seeming conciliation, to manipulate them into believing that they had 'spontaneously' arrived at what Mill held to be the truth - in short, a strategy of deception and duplicity.(2) MarxVsMill, John Stuart: (…) Marx, (…) as a pre-eminent cadre type, poured out a proper vial of scorn upon Mill's 'shallow syncretism' and 'attempt to reconcile the irreconcilable.') Rothbard: One by one, Tories, romantics, socialists and 'practical men' warmed up to Mill himself and to his alleged achievements. >Karl Marx. Rothbard II 281 Mill's most conspicuous defection from classical political economy in general, and from Ricardianism in particular, was his numerous concessions to socialism and his apostasy from laisser-faire. 1. John Stuart Mill. 1848. Principles of Political Economy. London. John W. Parker. 2. 2. Cf. Neil B. de Marchi, 'The Success of Mill's Principles', History of Political Economy, 6 (Summer 19 74), pp. 1 19 _____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
||
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
