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John Stuart Mill's Famous Distinction Between Production and Distribution

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  • Smith, Vardaman R.

Abstract

In the final sentence of the "Preliminary Remarks" to the Principles of Political Economy (1848), John Stuart Mill declaresThe laws of Production and Distribution, and some of the practical consequences deducible from them, are the subject of the following treatise. (1848, p. 21)It is almost two hundred pages before Mill asserts thatThe laws and conditions of the Production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them. … It is not so with the Distribution of wealth. That is a matter of human institution solely. (1848, p. 199)

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  • Smith, Vardaman R., 1985. "John Stuart Mill's Famous Distinction Between Production and Distribution," Economics and Philosophy, Cambridge University Press, vol. 1(2), pages 267-284, October.
    • Handle: RePEc:cup:ecnphi:v:1:y:1985:i:02:p:267-284_00
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    Cited by:

    1. Huei Su, 2009. "Is social justice for or against liberty? The philosophical foundations of Mill and Hayek’s theory of liberty," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(4), pages 387-414, December.
    2. Rudi Verburg, 2006. "John Stuart Mill's Political Economy: Educational Means to Moral Progress," Review of Social Economy, Taylor & Francis Journals, vol. 64(2), pages 225-246.
    3. Edvinsson, Rodney, 2016. "What are production, work and consumption? Trans-historical re-conceptualisations," Stockholm Papers in Economic History 19, Stockholm University, Department of Economic History.

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