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Continuity or rupture ? An analysis of some aspects of social philosophy in the works of J.S.Mill, Alfred Marshall and J.M.Keynes

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  • Laura Valladão de Mattos

Abstract

It is argued in this paper that it’s possible to speak of a ‘tradition’ in the field of social and economic philosophy uniting the works of J.S.Mill, Alfred Marshall and John Maynard Keynes. This ‘tradition’ can be characterized by the following concepts: (a) by the rejection of the acquisitive values of capitalism; (b) by the idea that capitalism would be incapable of spontaneously solving the problems of distribution of wealth and poverty; (c) by the idea that, for the sake of the preservation of liberty, diversity and economic efficiency, individual initiative should be free to act wherever it engenders good results, but that the State should intervene whenever the free initiative fails, acting in the good of collectivity; (d) by the belief that it would be possible to make capitalism significantly better by the way of small and gradual changes.

Suggested Citation

  • Laura Valladão de Mattos, 2013. "Continuity or rupture ? An analysis of some aspects of social philosophy in the works of J.S.Mill, Alfred Marshall and J.M.Keynes," Working Papers, Department of Economics 2013_24, University of São Paulo (FEA-USP).
    • Handle: RePEc:spa:wpaper:2013wpecon24
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    More about this item

    Keywords

    J.S.Mill; Alfred Marshall; J.M.Keynes; social and economic philosophy; social change;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925

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