John Stuart Mill's Famous Distinction Between Production and Distribution

Vardaman R. Smith

Economics and Philosophy, 1985, vol. 1, issue 2, 267-284

Abstract: In the final sentence of the "Preliminary Remarks" to the Principles of Political Economy (1848), John Stuart Mill declaresThe laws of Production and Distribution, and some of the practical consequences deducible from them, are the subject of the following treatise. (1848, p. 21)It is almost two hundred pages before Mill asserts thatThe laws and conditions of the Production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them. … It is not so with the Distribution of wealth. That is a matter of human institution solely. (1848, p. 199)

Date: 1985
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