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8 pages in length. Economic philosophies vary as greatly as the individuals who espouse them. When examining the economic theories of John Stuart Mill and Karl Marx, it becomes quite clear how both men harbored entirely opposite viewpoints. Mill's embrace of utilitarianism waged against Marx's disfavor toward capitalism created a wholly divergent approach to economic concerns. Bibliography lists 5 sources.
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8 pages (~225 words per page)
File: LM1_TLCMillMarx.rtf
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entirely opposite viewpoints. Mills embrace of utilitarianism waged against Marxs disfavor toward capitalism created a wholly divergent approach to economic concerns. The
concept of utilitarianism speaks well to the economic stance Mill supported. When assessing this concept, it is important for the student to consider the fact that utilitarianism represents the
"belief that what serves the greatest number serves the greater good" (London A12), rather than what is favorable for a few; indeed, this has a great deal to do with
the idea of sacrificing a lesser being for the better of the superior being. With that in mind, one can easily see how various philosophies would either embrace or
abandon the concept of utilitarianism, often cultivating either an antagonistic or harmonious relationship at best. Ethically speaking, it is important for the student to realize that Mills opponents believed
that a single entity cannot begin to know what is for the good of the majority when it comes to the living world as a whole, inasmuch as individuals perceive
issues of control in significantly different ways. According to Mills adversaries, if utilitarianism is, indeed, wrapped around the concept of emotion instead of common sense, then any form of
control that is promoted by Mills utilitarian belief comes not from the desire to better the world for everyone, but rather to improve it as a means by which to
appease the majority. "Society can and does execute its own mandates: and if it issues wrong mandates instead of right, or any mandates at all in things with which
it ought not to meddle, it practices a social tyranny more formidable than many kinds of political oppression, since, though not usually upheld by such extreme penalties, it leaves fewer
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