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John Stuart Mill's Political Economy: Educational Means to Moral Progress

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  • Rudi Verburg

Abstract

The interrelation between John Stuart Mill's political economy and his social philosophy is often neglected by economists, even though social and moral progress is the aim and focus of Mill's work as scholarship on Mill has made clear in past decades. This paper aims to show how Mill's political economy fits his framework of progress. It is argued that Mill characterized his economics in accordance with his theory of (individual) development, which explained how people could be induced to change patterns of behavior that prevented progress, enabling “a tendency towards a better and happier state.” Mapping out how to overcome the Malthusian trap of poverty, the most serious stumbling block to man's material and moral improvement, Mill brought economics into action as an instrument for progress.

Suggested Citation

  • 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.
    • Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:225-246
    DOI: 10.1080/00346760600721155
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    References listed on IDEAS

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    1. 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.
    2. William D. Grampp, 1973. "Classical Economics and Its Moral Critics," History of Political Economy, Duke University Press, vol. 5(2), pages 359-374, Fall.
    3. Hirschman, Albert O, 1982. "Rival Interpretations of Market Society: Civilizing, Destructive, or Feeble?," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1463-1484, December.
    4. Sandy Baum, 1992. "Poverty, Inequality, and the Role of Government: What Would Adam Smith Say?," Eastern Economic Journal, Eastern Economic Association, vol. 18(2), pages 143-156, Spring.
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    Cited by:

    1. Monica Hernandez, 2017. "Inequality as Lack of Co-operation in Economic Thought," Working Papers 1718, New School for Social Research, Department of Economics, revised Aug 2017.

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