Search results
Results from the WOW.Com Content Network
v. t. e. In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for the affected individuals. [ 1 ][ 2 ] In other words, utilitarian ideas encourage actions that ensure the greatest good for the greatest number. Although different varieties of utilitarianism ...
On Liberty is an essay published in 1859 by the English philosopher John Stuart Mill.It applied Mill's ethical system of utilitarianism to society and state. [1] [2] Mill suggested standards for the relationship between authority and liberty.
John Stuart Mill (20 May 1806 – 7 May 1873) [1] was an English philosopher, political economist, politician and civil servant. One of the most influential thinkers in the history of liberalism , he contributed widely to social theory , political theory , and political economy.
Principles of Political Economy. Principles of Political Economy (1848) by John Stuart Mill was one of the most important economics or political economy textbooks of the mid-nineteenth century. [1] It was revised until its seventh edition in 1871, [2] shortly before Mill's death in 1873, and republished in numerous other editions. [3]
Essays on Some Unsettled Questions of Political Economy (1844) is a treatise on political economics by John Stuart Mill. [1] Walras' law, a principle in general equilibrium theory named in honour of Léon Walras, [2] was first expressed by Mill in this treatise. [3] Karl Marx remarked of the work, “The few original ideas of Mill Junior are ...
Harm principle. The harm principle holds that the actions of individuals should be limited only to prevent harm to other individuals. John Stuart Mill articulated the principle in the 1859 essay On Liberty, where he argued that "The only purpose for which power can be rightfully exercised over any member of a civilized community, against his ...
Act utilitarianism is a utilitarian theory of ethics that states that a person's act is morally right if and only if it produces the best possible results in that specific situation. Classical utilitarians, including Jeremy Bentham , John Stuart Mill , and Henry Sidgwick , define happiness as pleasure and the absence of pain.
v. t. e. In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world. Over time, the term has been used in at least two different meanings. In a normative context, utility refers to a goal or objective that we wish to maximize, i.e. an objective function.