Bentham and Owen on entrepreneurship and social reform

Estrella Trincado and Manuel Santos-Redondo

The European Journal of the History of Economic Thought, 2014, vol. 21, issue 2, 252-277

Abstract: Jeremy Bentham invested an important amount of money in New Lanark's cotton mills, which at that time were run by Robert Owen. However, apparently Bentham never took a serious interest in the organisation of such a successful entrepreneurship and new model society, although it seemed to fit in with Bentham's ideas of the entrepreneur ('projector') and also with Bentham's ideas on social reform, seeking the greatest happiness of the greatest number . This article explains how Bentham's share in New Lanark came about. It tries to ascertain whether the New Lanark experiment and Owen's ideas fit Bentham's managerial theory and ideas on social reform so as to understand why Bentham did not pay more attention to Robert Owen's practice.

Date: 2014
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DOI: 10.1080/09672567.2012.683877

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