Thursday, June 2, 2011

John Stuart Mill - Utilitarianism Market


John Stuart Mill (1806-1873), a utopia economist during his time, who first elucidate the "normative" and "romantical" ideas of social economy. The idea is a derivative from "Apollonian" & "Dionysian".


Apollonian - Thinking, Logic, Facts and Order

Dionysian - Emotion, Passionate, Feeling


John Stuart Mill: "advocate the ideal society whereby the rewards is base on Utilitarianism. He emphasize the society will not collapse if there are lost of 1000 of Baron, Lord, Royal families, or Bureaucrat. Instead, if the society will diminish in term of civilization if 100 top scientist, physicist, chemist or biologist suddenly disappear. "


Principle of Political Economy:

"Stationary plateau, where self-regulated population, form a worker union, preventing the landlord to continuous reaping the unearned profit by impose or levy taxes. Worker union will replace Enterprise in which men were subordinate to masters, thus, capitalism will gradually disappear."



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