John Stuart Mill's Theories of Wealth and Income Distribution

@article{Jensen2001JohnSM,
  title={John Stuart Mill's Theories of Wealth and Income Distribution},
  author={H. E. Jensen},
  journal={Review of Social Economy},
  year={2001},
  volume={59},
  pages={491 - 507}
}
  • H. E. Jensen
  • Published 2001
  • Economics
  • Review of Social Economy
  • Although he was much influenced by David Ricardo when he wrote the classical part of his Principles , John Stuart Mill was not a Ricardian when he penned his theories of wealth and distribution. They are based on a triple foundation. First, a belief that economics is a moral discipline. Second a theory of custom-driven human behavior. Third, an empirically formed conviction that the institutions of state, education and business cooperate to structure the distribution of income. On the basis of… CONTINUE READING
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