Chapter

Mill and the Early Neoclassical Economists

Margaret Schabas

in The Natural Origins of Economics

Published by University of Chicago Press

Published in print January 2006 | ISBN: 9780226735696
Published online February 2013 | e-ISBN: 9780226735719 | DOI: http://dx.doi.org/10.7208/chicago/9780226735719.003.0007
Mill and the Early Neoclassical Economists

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This chapter examines John Stuart Mill's conception of nature and its implications for his political economy. It explains that in his 1836 “On the Definition of Political Economy” Mills addressed the problem of demarcating political economy from the physical sciences and suggested that the study of subjects such as physiology, chemistry, mechanics, and geology is important to the study of economic production. This chapter also describes how Mill aligned his concept of economic production with the concept of physical nature in his Principles of Political Economy.

Keywords: John Stuart Mill; nature; political economy; physical sciences; On the Definition of Political Economy; economic production; physical nature; Principles of Political Economy

Chapter.  7667 words. 

Subjects: Economic History

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