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Essay / Research Paper Abstract
11 pages in length. The concept of a rational society, in which the entire community is greatly influenced by principles its members completely and accept without challenge, has indeed proven to be one of the most powerful standards of our culture. There exist a great many economic philosophies by which people live their lives. These philosophies help maintain order and a sense of direction that otherwise would merely drift in subconscious thought. John Stuart Mill fit into the general history of economic thought by applying his interpretation of society and the philosophies by which it should abide. The writer discusses Mill's economic philosophies as they relate to Karl Marx and John Maynard Keynes. Bibliography lists 8 sources.
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11 pages (~225 words per page)
File: LM1_TLCmill.doc
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indeed proven to be one of the most powerful standards of our culture. There exist a great many economic philosophies by which people live their lives. These philosophies
help maintain order and a sense of direction that otherwise would merely drift in subconscious thought. John Stuart Mill fit into the general history of economic thought by applying
his interpretation of society and the philosophies by which it should abide. I. MILL 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, 1999, p. 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
the 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.
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