Principles of Political Economy
E13843
Principles of Political Economy is John Stuart Mill’s influential 1848 treatise that systematically analyzes classical economics while integrating social and ethical considerations into economic theory.
Aliases (5)
Statements (53)
| Predicate | Object |
|---|---|
| instanceOf |
book
→
treatise → |
| advocates |
limited government intervention in markets
→
|
| allowsFor |
state intervention for education
→
state intervention for public works → state intervention to alleviate poverty → |
| author |
John Stuart Mill
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|
| countryOfOrigin |
United Kingdom
→
|
| critiques |
rigid class structures
→
unrestricted laissez-faire → |
| discusses |
capital accumulation
→
economic growth → international trade → laissez-faire → population → profits → rent → role of government in the economy → value → wages → |
| emphasizes |
human well-being as an economic objective
→
utilitarian ethics in economic policy → |
| firstEditionPlaceOfPublication |
London
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|
| firstEditionPublisher |
John W. Parker
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|
| genre |
economics literature
→
political economy → |
| hasPart |
Book I: Of Production
→
Book II: Of Distribution → Book III: Of Exchange → Book IV: Of the Influence of the Progress of Society on Production and Distribution → Book V: Of the Influence of Government → |
| influenced |
19th-century liberal thought
→
John Maynard Keynes → later utilitarian economists → social liberalism → welfare economics → |
| influencedBy |
Adam Smith
→
David Ricardo → Jeremy Bentham → Thomas Robert Malthus → |
| integrates |
ethical considerations into economic theory
→
social considerations into economic theory → |
| language |
English
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|
| mainSubject |
classical economics
→
economic theory → ethics in economics → political economy → social philosophy → |
| originallyPublishedAs |
Principles of Political Economy with some of their Applications to Social Philosophy
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|
| proposes |
distinction between laws of production and laws of distribution
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|
| publicationYear |
1848
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|
| supports |
cooperative production under certain conditions
→
progressive social reforms → |