The Classical Economists and Socialism: John Stuart Mill
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So far, in the course of this last investigation, our material has been inferential or episodic. It has been possible to build up a more or less coherent picture of the probable attitude of the English Classical Economists to the challenge of socialist ideas. But we have not discovered any comprehensive or balanced analysis. The early Classical Economists were much too preoccupied with pushing their own reforms to regard the current socialism as anything but a side issue. Even when it had attained sufficient ascendancy to influence political action, as in France in 1848, the disposition, which we see very clearly exemplified by Senior, was to dismiss it as essentially half-baked and wrong-headed.
KeywordsEconomic Policy Political Economy Private Property Classical Economist Fair Trial
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