Back to category: History

Limited version - please login or register to view the entire paper.

role of js mill in economic thought

ROLE OF J.S. MILL IN ECONOMIC THOUGHT

If Adam Smith may be called the father of Political Economy, John Stuart Mill was his chief heir in the direct line. He it was who, about the middle of the last century, combined, restated, and modified the teaching of Smith, Malthus, and Ricardo, and so successfully that his work has had an effect upon English thought second to none. All through the second half of the 19th century, Mill’s Principles of Political Economy (1848) was the undisputed bible of economists although it is his only work on economics but the comprehensive treatment of almost all branches of the subject gave it a unique place in economic literature and its loftiness of tone and elegance of style further enhanced its authority. Throughout the last half of the nineteenth century, during almost the whole of the Victorian age right up to the publication of Marshall's Principles (1890), the Principles of Political Economy, With Some of Their Applications to Social Philosophy ...

Posted by: Chad Boger

Limited version - please login or register to view the entire paper.