What do you think?
Essays On Some Unsettled Questions
Book by John Stuart Mill
172 pages, Paperback
First published January 1, 1844
About the author
John Stuart Mill
2,037 books2,053 followersJohn Stuart Mill, English philosopher, political economist, civil servant and Member of Parliament, was an influential liberal thinker of the 19th century. He was an exponent of utilitarianism, an ethical theory developed by Jeremy Bentham, although his conception of it was very different from Bentham's.
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Displaying 1 - 5 of 5 reviews
August 17, 2021
My ambition is to read everything by J.S. Mill, John Dewey and Thorstein Veblen by 2023.
June 13, 2011
It is amazing that this piece was written so long ago. I think some of the insights are still prudent today.
First, it is important to note that this piece is one of many that attempt to link politics and economics together. The undercurrent structure of economic policy was far to large of a driver of political bodies to be ignored.
In this regard, he is somewhat brilliant for separating market participants into those that are involved in the production of goods and those that involved in the money side or the allocation of capital. In this regard, he may be a step ahead of those that ONLY his contemporaries that focused on the production/labor value side of life.
I found Mill's description of market forces as inefficient to be as true as ever in light of recent events. He does a fluid job of explaining this.
I also found his idea of the nature of lending to be fantastically insightful. He basically provides a basic discourse on what types of interest rates will exist and why, without trying to force some theory of inflation. In other words, it's lending rates as a function of supply and demand with a risk premium attached to it. This is far better than the monetarists who link every single thing to inflation.
His description of the special case of the banker who prints money is a tell-tale sign of what is going on today with the US banking system.
Still, I can't image that Mills would have suspected the economic systems would have evolved to what they are today.
First, it is important to note that this piece is one of many that attempt to link politics and economics together. The undercurrent structure of economic policy was far to large of a driver of political bodies to be ignored.
In this regard, he is somewhat brilliant for separating market participants into those that are involved in the production of goods and those that involved in the money side or the allocation of capital. In this regard, he may be a step ahead of those that ONLY his contemporaries that focused on the production/labor value side of life.
I found Mill's description of market forces as inefficient to be as true as ever in light of recent events. He does a fluid job of explaining this.
I also found his idea of the nature of lending to be fantastically insightful. He basically provides a basic discourse on what types of interest rates will exist and why, without trying to force some theory of inflation. In other words, it's lending rates as a function of supply and demand with a risk premium attached to it. This is far better than the monetarists who link every single thing to inflation.
His description of the special case of the banker who prints money is a tell-tale sign of what is going on today with the US banking system.
Still, I can't image that Mills would have suspected the economic systems would have evolved to what they are today.
to-keep-reference
March 8, 2022Parafraseando a Nietzsche, el Homo Economicus nace varias veces. Se le adjudica implícitamente a Adam Smith, por supuesto, pero también a Stuart Mill (Cfr. Essays on some unsettled questions of political economy ps 137-8, John W. Parker, London, 1844)
Ensayos sobre Racionalidad en Economía
Ensayos sobre Racionalidad en Economía
Want to Read
July 29, 2011Une nouvelle performance de l'éditeur suédois, Karl Beijbom, de Beijbom Books : un beau livre de poèmes de Rita Mestokosho, poétesse innue, édités en trois langues :
innu, français et suédois.
innu, français et suédois.
May 9, 2011
Mill's discussions on economic and politics, highlighting such topics as production and on being productive, distribution of goods, demand, supply, value of goods, influence of governments...
Displaying 1 - 5 of 5 reviews