John Stuart Mill(1806–1873) was a British philosopher and economist whose utilitarian upbringing under the guidance of his father, James Mill, profoundly shaped his intellectual pursuits. Living during the tumultuous Industrial revolution, Mill was a key Figure in the discourse of liberal Thought and socio-economic Reform. His "Principles of Political Economy," first published in 1848 in London, emerged amid rapid industrialization and the Need for economic solutions to social issues. Initially praised for its comprehensive analysis, the Work faced critiques for its application of Utilitarianism. Over Time, it became a cornerstone of economic Theory, influencing policies on Trade and LaborRights. Its reach extended into diverse fields, inspiring social reformers and economists globally, from Japan to the United States.
Guiding Question
How do we balance individual freedom with societal welfare in the pursuit of economic progress?