Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.
John Stuart Mill
Transcript of John Stuart Mill
May 20, 1806- May 8, 1873
Born in London, England
was originally a supporter of the philosophic radicals
Utilitarianism and Liberalism
What is Utilitarianism?
Theory on Liberty
Contributes largely to political theory
taxes for the common good
The power is in the individuals, not corporate business men
Wrote Principles of Political Economy
Despotism for barbarians
Principles of Political Economy
Must have the labor and natural resources
Believed that it was a balance between nature and labor
Man must put in work to take credit for what is manufactured
Addressed many different types of distribution
Believed wages are regulated by competition and/or custom
High prices do not make high wages, only when the demand is also very high
Addressed David Ricardo's comparative advantage
This is when one party is able to produce with a lower marginal cost and opportunity cost
Concluded that the country who was most elastic in their demand for goods benefited most
Addressed power of government in the economy
Explains that the lines of too much and too little government are blurred
Government should not be overly powerful in the economy
Each person should still help the society so every citizen must pay taxes
Jeremy Bentham and John Stuart Mill are considered first few
Morally right action produces most good
Says that it is also important to do things for the good of others
Everyone's happiness counts the same
Mill stressed the connection between Utilitarianism and Liberalism
Connection with liberalism
Less government intervention
Utilitarianism to government and economy
Free market economy
How do Utilitarianism and Liberalism tie into economy?
Taxes for good
Socialism and communism