FAQ About John Stuart Mill
How did John Stuart Mill's philosophy influence economics?
John Stuart Mill's contributions to economics are seen through his work 'Principles of Political Economy' (1848), which became a standard textbook for decades. In this work, Mill brings together classical economic theories with considerations of social welfare, discussing topics like the role of government, labor rights, and social justice—all of which have influenced modern economic theories and debates around policy interventions and economic ethics.
