PRODUCTION AND EDUCATION ACCORDING TO JAMES MILL: THE PRECIOUS MIDDLE POINT

Victor Bianchini

Journal of the History of Economic Thought, 2016, vol. 38, issue 2, 153-173

Abstract: Although James Mill considered production and education to be two objectives of global welfare, he claimed that the former was not always consistent with the latter. On the one hand, production is necessary to provide humankind with the means of subsistence; on the other hand, if individuals allocate all their time to labor to the detriment of their own education, “neither intellect, virtue nor happiness can flourish upon the earth” (Mill [1819] 1825, p. 30). Mill argued that this problem might be solved by finding what he called “the precious middle point.” This point deserves special consideration: it acknowledges that there is a way in which education and production might be distributed in society in order to promote the greatest global welfare. The aim of this paper is to explain the relation between production and education through the working of the precious middle point.

Date: 2016
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