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Steven Kates, “Reassessing the Political Economy of John Stuart Mill” (July 2015)

In this month's Liberty Matters online discussion we reassess the economic ideas of John Stuart Mill as found in his classic work Principles of Political Economy (1st ed. 1848, 7th ed. 1871) and other writings. In the Lead Essay by Steven Kates of the Royal Melbourne Institute of Technology it is argued that in the light of the evident failures of Keynesian economics to solve the problems of the boom and bust cycle, and that of ongoing high unemployment and economic stagnation, that we should go back to Mill's "Four Propositions on Capital" for enlightenment. In Kates's view there is "more insight into the operation of an economy than any of the Samuelson clones that have been published to explain what Keynes meant in trying to raise aggregate demand." The commentators are Nick Capaldi, the Legendre-Soulé Distinguished Chair in Business Ethics at Loyola University New Orleans; Richard M. Ebeling, the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina; and Sandra J. Peart, who is dean of the Jepson School of Leadership Studies at the University of Richmond. See the Archive of "Liberty Matters".

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The Collected Liberty Matters: Nos. 1-10

The first 10 Liberty Matters Online Discussions are available as a single file in a variety of ebook formats. This version has quite a few corrections, mainly updating the links to conform to the new OLL website’s format. It is just over 260,000 words and 400 pages long. The pictures on the title page are of some books we have in the archive room in the Liberty Fund Library.

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Essentials of Parliamentary Reform

This was the second work by George Grote on parliamentary reform. It was published on the eve of the passage of the First Reform Act of 1832 which largely achieved the goals of the Philosophic Radicals around James Mill.

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