John Stuart Mill And The Ideology Of Video
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John Stuart Mill And The Ideology Of.
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In an or essay entitled On the Definition of Political Economy and Method of Investigation Proper to ItJohn Stuart Mill articulates his views on what political economy is and how research in this burgeoning discipline should be conducted. Writing more than 50 years after Adam Smith published his An Inquiry into the Nature and Causes of the Wealth of Nations inMill argued that the discipline needed to adopt a definition that would demarcate the boundaries of what it considers and make clear its methodological approach.
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The article source. We think otherwise, and for this reason; that, with the consideration of the definition of a science, is inseparably connected that of the philosophic method of the science; the nature of the process by which its investigations are to be carried on, its truths to be arrived at. Mill suggests that political economy should concern itself, not with the whole of human nature, but rather with humans as individuals who are narrowly concerned with acquiring wealth and are rational in the pursuit of this wealth. It is concerned with him solely as a being who desires to possess wealth, and who dIeology capable of judging of the comparative efficacy of means of obtaining that end.
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He calls for the exclusion from consideration of all other facets of human motivation except those that impede them in their pursuit of wealth. These it takes, to a certain extent, into its calculations, because these do not merely, like other desires, occasionally conflict with the pursuit of wealth, but accompany it always as a drag, or impediment, and are therefore inseparably mixed up in the consideration of it. Political Economy considers mankind as occupied solely in acquiring and consuming wealth; and aims at showing what is the course of action into which mankind, living in a state of society, would be impelled, if that motive, except in the degree in which it is checked by the two perpetual countermoves above adverted to, were the absolute ruler of all their actions.
Ov The science then proceeds …. With respect to those parts of human conduct of which wealth is not even the principal object, to these Political Economy does not pretend that its conclusions are applicable. But there are also certain departments of human affairs, in which the acquisition of wealth is the main and Ireology end.
It is only of these that Political Economy takes notice. The manner in which [Political Economy] necessarily proceeds is that of treating the main and acknowledged John Stuart Mill And The Ideology Of as if it were the sole end; which, of all hypotheses equally simply, is the nearest to the truth. The political economist inquires, what are the actions which would be produced by this desire [to accumulate wealth], if, within the departments in question, it were unimpeded by any other.
Mill argues that political economy should treat phenomena such as the establishment of property law and the creation of money and credit as outgrowths of this desire to accumulate wealth.]
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