Episode Details

"Essays on Some Unsettled Questions of Political Economy" marks John Stuart Mill's inaugural exploration into the realm of economics, setting the stage for his later work, "Political Economy," which became the cornerstone of Anglo-American economic thought in the late 19th and early 20th centuries. Mill's journey through economic theory reflects a significant evolution, transitioning from a staunch advocacy of free market capitalism to a nuanced perspective that embraces government intervention under the principles of Utilitarianism and ultimately leans towards Socialism.