Author Description

Product Description This volume unites, for the first time, Books IV and V of Mill's great treatise on political economy with his fragmentary Chapters on Socialism. It shows him applying his classical economic theory to policy questions of lasting concern: the desirability of sustained growth of national wealthand population, the merits of capitalism versus socialism, and the suitable scope of government intervention in the competitive market economy. His answers to those questions have profound relevance today, and they serve to illustrate the enduring power and imagination of his distinctive liberalutilitarian philosophy. The lucid introduction and explanatory notes clarify Mill's philosophy in relation to his economic theory, and make full use of the most recent scholarship. About the Author Jonathan Riley is Associate Professor, Murphy Institute, Tulane University. He is also the author of Liberal Utilitarianism: Social Choice Theory and J. S. Mill's Philosophy (OUP, 1988).