Can national growth be sustained indefinitely? How much should government intervene in a competitive market economy? The questions John Stuart Mill raised a century and a half ago, in 1848's Principles of Political Economy, and the answers he found, are just as critical-and just as contentiously debated-today. Through a lens of what the philosopher himself termed "philosophical radicalism"-and what some today call "democratic liberalism"-Mill takes a fresh look at Adam Smith's Wealth of Nations and other influential works of political thought of his time, and recasts them from a more scientific viewpoint, suggesting that such realities as the unequal distribution of wealth were not "natural" but rather a matter of human choice... choices we continue to have to make in our ever more complicated economy. Also available from Cosimo Classics: Selected Writings of John Stuart Mill and On Liberty. English philosopher and politician JOHN STUART MILL (1806-1873) was one of the foremost figure of Western intellectual thought in the late 19th century. He served as an administrator in the East Indian Company from 1823 to 1858, and as a member of parliament from 1865 to 1868. Among his essays on a wide range of political and social thought are On Liberty (1859), Considerations on Representative Government (1861), and The Subjection of Women (1869).

Best known as the author of On Liberty, John Stuart Mill remains a canonical figure in liberalism today. Yet according to his autobiography, by the mid-1840s he placed himself "under the general designation of Socialist." Taking this self-description seriously, John Stuart Mill, Socialist reinterprets Mill's work in its light. Helen McCabe explores the nineteenth-century political economist's core commitments to egalitarianism, social justice, social harmony, and a socialist utopia of cooperation, fairness, and human flourishing. Uncovering Mill's changing relationship with the radicalism of his youth and his excitement about the revolutionary events of 1848, McCabe argues that he saw liberal reforms as solutions to contemporary problems, while socialism was the path to a better future. In so doing, she casts new light on his political theory, including his theory of social progress; his support for democracy; his feminism; his concept of utility; his understanding of individuality; and his account of "the permanent interests of man as a progressive being," which is so central to his famous harm principle. As we look to rebuild the world in the wake of financial crises, climate change, and a global pandemic, John Stuart Mill, Socialist offers a radical rereading of the philosopher and a fresh perspective on contemporary meanings of socialism.

This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.

"An examination of the role of John Stuart Mill in the development of modern radicalism"--

In his much quoted, seminal work, On Liberty, John Stuart Mill attempts to establish standards for the relationship between authority and liberty. He emphasizes the importance of individuality which he conceived as a prerequisite to the higher pleasures-the summum bonum of Utilitarianism. Published in 1859, On Liberty presents one of the most eloquent defenses of individual freedom and is perhaps the most widely-read liberal argument in support of the value of liberty.

J.S. Mill plays a central role in the development of classical political economy in the nineteenth century. Hollander follows the course of that development over fifty years of Mill's career, from the death of David Ricardo in 1823 to Mill's own death in 1873. As in Hollander's acclaimed works on Adam Smith and David Ricardo, this studey emphasizes economic methodology and social philosophy, examined in light of Mill's own preoccupations. He argues that Mill's methodological principle and practice are consistent from 1830 onwards, a position that disputes currently held opinion. He also demonstrates that Mill denied the predictive ability of economic science, and thereby dismisses as irrelevant the charges of some critics that Mill championed 'scientism.' Throughout his study, Hollander places Mill within appropriate intellectual contexts. He identifies Mill's debts to Ricardo and to James Mill, examines his reactions to the Cambridge inductivist critics of orthodoxy and to the later 'historical' school writers, and his attitude towards the beginnings of mathematical economics. The central chapters on theory focus on allocation (including international trade) and economic growth, and the connection between the two. Hollander analyses Mill's remarkable investigation of the process of price formation under competitive and non-competitive conditions and his qualifications to the law of markers and the quantity theory. Other chapters deal with the roles of governments and economic organization, monetary policy, and social philosophy. Hollander has produced a study that will stand for many years on the economic thought of John Stuart Mill.