2.7 — John Stuart Mill & The Decline of Classical Economics — Readings
Wednesday, October 1, 2020
Required Readings:
- John Stuart Mill & Principles of Political Economy in Reader
- Ch.6 “John Stuart Mill and the Decline of Classical Economics” in Landreth & Colander
- Ch.5 in Blaug
Recommended Readings:
The following Wikipedia entries can also provide more background:
Since I also briefly digress into Henry George, Georgism, and the Single Value tax:
Questions to Help Your Reading
What is the proper method of economics, according to Mill?
What are Mill’s politics?
What is the difference between production and distribution in Mill’s theory?
What does Mill think of Say’s Law?
How does Mill address the criticisms of economics from socialists and other critics of Ricardo?
How much is Mill a classical economist, and how does he differ from Ricardo?