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Why John Stuart Mill should not be enlisted among neoclassical economists

Sotiropoulos, Dimitris (2009). Why John Stuart Mill should not be enlisted among neoclassical economists. European Journal of the History of Economic Thought, 16(3) pp. 455–473.

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While John Stuart Mill was not unwilling to identify with the philosophical approach of utilitarianism, he nonetheless distanced himself from utilitarianism as conceived by Bentham. He rejected all the assumptions that led the latter to advocate a felicific calculus. He thus constructed his economic system on the basis of a different empirical economic anthropology to that found in the analyses of Jevons, Marshall, Walras and Menger, all of which derive from Bentham’s reasoning. This, essentially, is why it is not justifiable to include J. S. Mill in the pantheon of neoclassicism

Item Type: Journal Item
Copyright Holders: 2009 Taylor & Francis
ISSN: 1469-5936
Keywords: Utilitarianism; neoclassical revolution; marginal revolution; J. S. Mill, Bentham; classical political economy
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Item ID: 38534
Depositing User: Dimitris Sotiropoulos
Date Deposited: 23 Sep 2013 08:16
Last Modified: 07 Dec 2018 22:14
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