History of economic thought course video: John Stuart Mill

Lynne Kiesling

You may know John Stuart Mill the utilitarian philosopher, the JS Mill of On Liberty and of Utilitarianism. You may know him as the philosopher who can’t hold his shandy in the Monty Python philosopher’s song.

What you may not know is how important an economist Mill was. He made some original contributions that bridged from the classical economics of Smith and Ricardo (and others) to the subsequent marginal revolution of Jevons, Menger, and Walras.

You can read some of them yourself in Mill’s Principles of Political Economy (1848), available at the Library of Economics & Liberty.

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2 thoughts on “History of economic thought course video: John Stuart Mill

  1. Very nice, Lynne. I would have liked to have you as my teacher in HET. I’ve read Utilitarism and understood that it’s all about maximizing societal welfare and not one’s welfare. Can we have both simultaneously? A never ending issue, isn’t.

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