Principles of Political Economy: And, Chapters on Socialism

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Oxford University Press, 1998 - 450 pages
This volume unites, for the first time, Books IV and V of Mill's great treatise on political economy with his fragmentary Chapters on Socialism. It shows him applying his classical economic theory to policy questions of lasting concern: the desirability of sustained growth of national wealth and population, the merits of capitalism versus socialism, and the suitable scope of government intervention in the competitive market economy. His answers to those questions have profound relevance today, and they serve to illustrate the enduring power and imagination of his distinctive liberal utilitarian philosophy. The lucid introduction and explanatory notes clarify Mill's philosophy in relation to his economic theory, and make full use of the most recent scholarship.

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Contents

Introduction
vii
Note on the Text
xlix
PRINCIPLES OF POLITICAL ECONOMY I
20
Explanatory Notes
437
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About the author (1998)

John Stuart Mill, Classical economist, was born in 1806. His father was the Ricardian economist, James Mill. John Stuart Mill's writings on economics and philosophy were prodigious. His "Principles of Political Economy, With Some of Their Applications to Social Philosophy," published in 1848, was the leading economics textbook of the English-speaking world during the second half of the 19th century. Some of Mill's other works include "Considerations on Representative Government," "Auguste Comte and Positivism," "The Subjection of Women," and "Three Essays on Religion." John Mill died in 1873.

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