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The Blemishes of John Stuart Mill’s Liberalism — Evan Jones

Summary:
While John Stuart Mill is remembered as a philosopher (Utilitarianism and On Liberty), he is also numbered among the prominent classical economists along with Smith and Ricardo. His Principles of Political Economy was widely taught until it was replaced by Alfred Marshall's Principles of Economics.The article observes that while Mill was "progressive for his day," his day was not at all progressive. While he was a bit of a radical at the time, now his work seems quite conservative on comparison with contemporary works.Even so, he was a founder of British liberalism, shaped American liberalism, and is still read today.Counterpunch The Blemishes of John Stuart Mill’s LiberalismEvan Jones

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While John Stuart Mill is remembered as a philosopher (Utilitarianism and On Liberty), he is also numbered among the prominent classical economists along with Smith and Ricardo. His Principles of Political Economy was widely taught until it was replaced by Alfred Marshall's Principles of Economics.

The article observes that while Mill was "progressive for his day," his day was not at all progressive. While he was a bit of a radical at the time, now his work seems quite conservative on comparison with contemporary works.

Even so, he was a founder of British liberalism, shaped American liberalism, and is still read today.

Counterpunch
The Blemishes of John Stuart Mill’s Liberalism
Evan Jones

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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