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Principles of Political Economy (Great Minds Series) by Mill, John Stuart, 1806-1873 is a philosophy book available to read on EtoBox.
What is Principles of Political Economy (Great Minds Series) about?
The standard economics textbook for more than a generation, John Stuart Mills Principles of Political Economy (1848) was really as much a synthesis of his predecessors ideas as it was an original economic treatise. Heavily influenced by the work of David Ricardo, and also taking ideas from Adam Smith and Thomas Malthus, Mill systematically demonstrated how important economic concepts could be applied to real-world situations. In his emphasis on realism, Mill thus took economics out of the realm of the abstract and placed it squarely within the context of society. For instance, he made a convincing case that wages, rent, and profit are not necessarily the expression of immutable laws that are independent of society. Rather, they are in actuality the results of social institutions and as such can be changed if the members of a society move to break traditional institutional habits. Reflecting his utilitarian social philosophy, Mill suggested that social improvements are always possible. He thus proposed modifying a purely laissez faire system, advocating trade protectionism and regulation of employees work hours for the benefit of domestic industries and workers well-being. In such f
Who reads Principles of Political Economy (Great Minds Series)?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Mill, John Stuart, 1806-1873
- Publisher
- Amherst, NY: Prometheus Books
- Published
- 2004
- Language
- EN
- ISBN
- 9781591021513
- Category
- philosophy
- Subjects
- Economics, Fiction, Political Science
- Rating
- 4 / 5 (84 ratings)
- Updated
- 2026-03-13
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