IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i3p1468-d490400.html
   My bibliography  Save this article

History, Knowledge, and Sustainable Economic Development: The Contribution of John Stuart Mill’s Grand Stage Theory

Author

Listed:
  • Giorgos Meramveliotakis

    (Department of Accounting and Finance, Neapolis University Pafos, Paphos 8042, Cyprus)

  • Manolis Manioudis

    (Department of Accounting and Finance, Neapolis University Pafos, Paphos 8042, Cyprus)

Abstract

The aim of this paper is to sketch out the idea for a grand theory in development studies as the necessary research field for fruitful historical interdisciplinary, arguing that Mill’s stage theory provides such a powerful theoretical framework able to contextualize, develop, and integrate the multiple, diverse, and middle-range contemporary strands in development studies. Second, an attempt is made to reconstitute Mill’s stages theory of economic development placing it at the center of his political economy. We claim that Mill’s theory of economic development implies that the dialectical relation between knowledge/innovation (human capital) and nature (natural capital) accelerates the course of economic change. In Mill’s analysis, the dialectical relation between knowledge and nature penetrates through culture, which is regarded by Mill as a structural element of each stage of economic development. By highlighting the importance of knowledge in the transition between different stages of economic development, and by proposing a reassessed interpretation of Mill’s stages theory of economic development, we propose that in Mill’s political economy both innovation and nature play a pivotal role in accessing sustainable economic development.

Suggested Citation

  • Giorgos Meramveliotakis & Manolis Manioudis, 2021. "History, Knowledge, and Sustainable Economic Development: The Contribution of John Stuart Mill’s Grand Stage Theory," Sustainability, MDPI, vol. 13(3), pages 1-16, January.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:3:p:1468-:d:490400
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/3/1468/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/3/1468/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stavros Mavroudeas, 2012. "The Limits of Regulation," Books, Edward Elgar Publishing, number 14643.
    2. Mitra, Sophie & Palmer, Michael & Vuong, Vu, 2020. "Development and interdisciplinarity: A citation analysis," World Development, Elsevier, vol. 135(C).
    3. Jacqueline C. K. Lam & Richard M. Walker & Peter Hills, 2014. "Interdisciplinarity in Sustainability Studies: A Review," Sustainable Development, John Wiley & Sons, Ltd., vol. 22(3), pages 158-176, May.
    4. Aldieri, Luigi & Makkonen, Teemu & Paolo Vinci, Concetto, 2020. "Environmental knowledge spillovers and productivity: A patent analysis for large international firms in the energy, water and land resources fields," Resources Policy, Elsevier, vol. 69(C).
    5. Joseph Persky, 1995. "The Ethology of Homo Economicus," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 221-231, Spring.
    6. C. Tyler DesRoches, 2018. "What Is Natural about Natural Capital during the Anthropocene?," Sustainability, MDPI, vol. 10(3), pages 1-10, March.
    7. Edward Barbier, 2007. "Frontiers and sustainable economic development," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 271-295, May.
    8. Edward Barbier, 2011. "The policy challenges for green economy and sustainable economic development," Natural Resources Forum, Blackwell Publishing, vol. 35(3), pages 233-245, August.
    9. Acemoglu, Daron, 2012. "Introduction to economic growth," Journal of Economic Theory, Elsevier, vol. 147(2), pages 545-550.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Beatriz Torinos-Aguado & Isabel Rabanaque & Carlos López-Escolano, 2022. "Using Maps to Boost the Urban Proximity: Analysis of the Location of Public Facilities According to the Criteria of the Spanish Urban Agenda," Sustainability, MDPI, vol. 14(14), pages 1-22, July.
    2. De Xia & Nian Xia & Yishi Zhang & Jiwei Xiong & Ruilin Zhu, 2022. "Diffusion Path Identification of Public Opinion Involving Enterprise Green Technology Adoption: An Interpretive-Structural-Modeling-Based Approach," IJERPH, MDPI, vol. 19(5), pages 1-15, February.
    3. Belay Mengstie Addisu, 2024. "Business landscape and growth determinants of micro- and small enterprises working in WASH sector: evidence from Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-21, December.
    4. Ssu-Chi Pan & Tai-Shan Hu & Ben-Zin Chia & Su-Li Chang & Hai-Ping Lin, 2022. "Does Knowledge Evolution Matter? Reflection on Alpine Tribes Industry, Development, and Transformation," Sustainability, MDPI, vol. 14(11), pages 1-13, June.
    5. Chuangxin Zhao & Manping Tang & Houjian Li, 2022. "The Effects of Vocational-Skills Training on Migrant Workers’ Willingness to Settle in Urban Areas in China," Sustainability, MDPI, vol. 14(19), pages 1-17, September.
    6. Axel Sikora & Tanya Titova-Kosturkova & Gordana Janevska & Mitko Kostov & Simona Halunga & George Suciu & Georgi Georgiev, 2023. "EREMI: An Innovative Interdisciplinary Approach for Higher Education in Resource Efficient Manufacturing Environments," Sustainability, MDPI, vol. 15(13), pages 1-22, June.
    7. María del Carmen Peces & María Amalia Trillo, 2023. "Relational Capital in the Technology Sector: An International Strategic Model," Sustainability, MDPI, vol. 15(5), pages 1-18, February.
    8. Dadang Irawan & Harjanto Prabowo & Engkos Achmad Kuncoro & Nurianna Thoha, 2022. "Operational Resilience as a Key Determinant of Corporate Sustainable Longevity in the Indonesian Jamu Industry," Sustainability, MDPI, vol. 14(11), pages 1-11, May.
    9. Jinsong Zhang & Yiding Wang, 2022. "How to Improve the Corporate Sustainable Development?—The Importance of the Intellectual Capital and the Role of the Investor Confidence," Sustainability, MDPI, vol. 14(7), pages 1-17, March.
    10. Vilma Sukackė & Aida Olivia Pereira de Carvalho Guerra & Dorothea Ellinger & Vânia Carlos & Saulė Petronienė & Lina Gaižiūnienė & Silvia Blanch & Anna Marbà-Tallada & Andrea Brose, 2022. "Towards Active Evidence-Based Learning in Engineering Education: A Systematic Literature Review of PBL, PjBL, and CBL," Sustainability, MDPI, vol. 14(21), pages 1-31, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Núria Bautista-Puig & Jorge Mañana-Rodríguez & Antonio Eleazar Serrano-López, 2021. "Role taxonomy of green and sustainable science and technology journals: exportation, importation, specialization and interdisciplinarity," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(5), pages 3871-3892, May.
    2. Wirat Krasachat & Suthathip Yaisawarng, 2021. "Directional Distance Function Technical Efficiency of Chili Production in Thailand," Sustainability, MDPI, vol. 13(2), pages 1-18, January.
    3. Anna Justyna Parzonko & Agata Balińska & Anna Sieczko, 2021. "Pro-Environmental Behaviors of Generation Z in the Context of the Concept of Homo Socio-Oeconomicus," Energies, MDPI, vol. 14(6), pages 1-18, March.
    4. Zhou, Xiaoxiao & Jia, Mengyu & Li, Wenqing & Zhao, Xin & Gatto, Andrea & Ma, Xiaowei, 2024. "Higher education or scientific research: Which one contributes more to China's green innovation?," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    5. Huang, Siyu & Shi, Yi & Chen, Qinghua & Li, Xiaomeng, 2022. "The growth path of high-tech industries: Statistical laws and evolution demands," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 603(C).
    6. Michel Zouboulakis, 2010. "Trustworthiness as a Moral Determinant of Economic Activity: Lessons from the Classics," Forum for Social Economics, Taylor & Francis Journals, vol. 39(3), pages 209-221, January.
    7. Shahid Iqbal & Abdul Qayyum Khan & Muhammad Yar Khan & Lamya Al-Aali, 2021. "The Dynamics of Financial Development, Government Quality, and Economic Growth in Different Groups of Economies," Sustainability, MDPI, vol. 13(14), pages 1-14, July.
    8. Zvirgzdiņš Jānis & Plotka Kaspars & Geipele Sanda, 2018. "Eco-Economics in Cities and Rural Areas," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 6(1), pages 88-99, July.
    9. Andrés Rodríguez-Pose & Roberto Ganau, 2022. "Institutions and the productivity challenge for European regions," Journal of Economic Geography, Oxford University Press, vol. 22(1), pages 1-25.
    10. Czesława Pilarska, 2018. "Efekty zewnętrzne bezpośrednich inwestycji zagranicznych z perspektywy kraju goszczącego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 93-124.
    11. Sommerville, Matthew & Jones, Julia P.G. & Rahajaharison, Michael & Milner-Gulland, E.J., 2010. "The role of fairness and benefit distribution in community-based Payment for Environmental Services interventions: A case study from Menabe, Madagascar," Ecological Economics, Elsevier, vol. 69(6), pages 1262-1271, April.
    12. Sujai Shivakumar, 2017. "Innovation as a Collective Action Challenge," Advances in Austrian Economics, in: The Austrian and Bloomington Schools of Political Economy, volume 22, pages 159-173, Emerald Group Publishing Limited.
    13. Aldieri, Luigi & Bruno, Bruna & Makkonen, Teemu & Vinci, Concetto Paolo, 2023. "Environmental innovations, geographically mediated knowledge spillovers, economic and environmental performance," Resources Policy, Elsevier, vol. 81(C).
    14. Mehak Ejaz & Muhammad Ramzan Sheikh & Rana Zafar Hayat & Neelam Asghar Ali, 2022. "Overseas Labour Migration, Remittances, International Trade and Economic Growth Nexus in Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 166-175, September.
    15. Cristina GALALAE & Alexandru VOICU, 2013. "Consumer Behaviour Research: Jacquard Weaving in the Social Sciences," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 1(2), pages 277-292, August.
    16. Husam A. Abu Hajar & Mai A. Abu Hajer, 2024. "A Multi-dimension Sustainability Assessment of the Economic Growth in Jordan Using the Sustainability Window Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 7171-7193, June.
    17. Wang, Chengwei & Miao, Wang & Lu, Miaomiao, 2022. "Evolution of the Chinese industrial structure: A social network perspective," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    18. Anna Sophia Ciesielski & Richard S. J. Tol, 2014. "Carbon Emissions Scenarios in Europe Based on an Endogenous Growth Model," CESifo Working Paper Series 4971, CESifo.
    19. Esther Prieto-Jiménez & Luis López-Catalán & Blanca López-Catalán & Guillermo Domínguez-Fernández, 2021. "Sustainable Development Goals and Education: A Bibliometric Mapping Analysis," Sustainability, MDPI, vol. 13(4), pages 1-20, February.
    20. Flavio Pinheiro Martins & Luciana Oranges Cezarino & Lara Bartocci Liboni & Amilton Barbosa Botelho Junior & Trevor Hunter, 2022. "Interdisciplinarity-Based Sustainability Framework for Management Education," Sustainability, MDPI, vol. 14(19), pages 1-17, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:3:p:1468-:d:490400. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.