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Research Paper On John Stuart Mill

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The Best Known 19th Century Philosopher
By: Nelza Martins John Stuart Mill, born in London in the year 1806, had no escape from becoming anything less than brilliant. His father, James Mill, made sure he received the best education at a very young age. Nonetheless, the subject of interest was economics, which his father was very knowledgeable of and expected him to succeed in it as well. James Mill wrote a book based on the summaries written by a teenage John Stuart Mill at the end of each economics session. The young Mill grew into a very intelligent man although he suffered with mental crisis. He had a lot of wisdom to offer and played an essential role in the era of classical economics. John Stuart Mill revealed some hints of a socialist …show more content…

To achieve this level of democracy there had to be worker self-management. He wanted workers to be equal, by having them own the funds and elect their managers. Furthermore, he was against the government imposing on pricing. He believed that all goods and services should be priced depending on the rules of supply and demand. Mill thought this kind of economic democracy would prevail until today. In the article Justice, Independence, and Industrial Democracy: The Development of John Stuart Mill’s Views on Socialism, by Gregory Claeys, Mill said, “The form of association which if mankind continue to improve, must be expected to predominate, is… the association of the laborers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by …show more content…

This is obviously expected due to the beliefs discussed earlier on. Individual enterprise is the economic system encouraged by the American Constitution, therefore, it is what we live today. Businesses are carried out by private individuals, and not by organizations or state. Mill, on the other hand, was part of the socialistic group that radically believed in sharing. Mill wanted to see society grow by alleviating the competition between people. He was against the system of central administration and expressed a greater concern for the community rather than for individual interests. In the book The Age of The Economist, by Daniel R. Fusfled, it is mentioned that Mill did not believe an economy constructed around individual enterprise was the ultimate end of the economic system. In conclusion, although many of John Stuart Mill’s values have not come to endure the never ending progress of everyday life, he was undoubtedly the best philosopher of his time. He wrote a book called “Principles of Political Economy”, which was used as a textbook for economics during more than a quarter of a century. The accomplishments he attained are truly remarkable; despite the fact that he was sociological ideas are mostly discarded today. There is much to absorb from his writings, which keep his thoughts alive through

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