Political Economists: Adams Smith, Karl Marx, John Stuart Mills

VHS

Ad Honorem
Dec 2015
4,668
Florania
Political economy is a convenient and eye-catching term, for it captures many aspects of daily human affairs.
While Jean Jacques Rousseau allegedly suggested the term, a few more prominent people developed the idea
further.
Adam Smith wrote An Inquiry into the Nature and the Cause of Wealth of Nations in 1776, and it may be
considered one of the beginning point.
Karl Marx's Das Kapital is even more well-known both in the academic and the laypeople circles.
John Stuart Mills wrote the Principles of Political Economy, and I have the full electronic version here:
Principles of Political Economy (J.S. Mill, 1871), vol. 1 - Wikisource, the free online library
John Stuart Mills's work is quite long as well; it might be considered an updated version of
An Inquiry into the Nature and the Cause of Wealth of Nations
How are these three major figures different?
Why is Karl Marx held in such high regard?
May John Stuart Mills be underrated here?
I keep trying a little book called What is Political Economy? Such books usually fall into oblivion soon after their publication.
 
Jan 2017
1,309
Durham
Political economy is a convenient and eye-catching term, for it captures many aspects of daily human affairs.
While Jean Jacques Rousseau allegedly suggested the term, a few more prominent people developed the idea
further.
Adam Smith wrote An Inquiry into the Nature and the Cause of Wealth of Nations in 1776, and it may be
considered one of the beginning point.
Karl Marx's Das Kapital is even more well-known both in the academic and the laypeople circles.
John Stuart Mills wrote the Principles of Political Economy, and I have the full electronic version here:
Principles of Political Economy (J.S. Mill, 1871), vol. 1 - Wikisource, the free online library
John Stuart Mills's work is quite long as well; it might be considered an updated version of
An Inquiry into the Nature and the Cause of Wealth of Nations
How are these three major figures different?
Why is Karl Marx held in such high regard?
May John Stuart Mills be underrated here?
I keep trying a little book called What is Political Economy? Such books usually fall into oblivion soon after their publication.
Both Adam Smith and JSM were pretty close to the mark. What they had to say is pretty more or less how we live our lives today, at least in the Western world.

Adam Smith the better of the two as he wasn't a liberal interventionist when it came to foreign lands.
 

VHS

Ad Honorem
Dec 2015
4,668
Florania
Both Adam Smith and JSM were pretty close to the mark. What they had to say is pretty more or less how we live our lives today, at least in the Western world.

Adam Smith the better of the two as he wasn't a liberal interventionist when it came to foreign lands.
What are you expecting from a philosopher who also wrote On Socialism?
 

stevev

Ad Honorem
Apr 2017
3,558
Las Vegas, NV USA
Why is Karl Marx held in such high regard?
You use the present tense. I don't think Marx is generally held in high regard today except perhaps in Cuba and maybe North Korea. China and Vietnam are not what Marx envisioned.
 
  • Like
Reactions: David Vagamundo
Jul 2012
775
Australia
Karl Marx is one of the great philosophers of western civilisation.
He was a sharp social scientist
His History was not so great.
His Economics was even worse, and he was a lousy political scientist and activist.
 

David Vagamundo

Ad Honorem
Jan 2010
4,439
Atlanta, Georgia USA
Karl Marx is one of the great philosophers of western civilisation.
He was a sharp social scientist
His History was not so great.
His Economics was even worse, and he was a lousy political scientist and activist.
Which social science did he excel in, if his history and economics were failures?
 

VHS

Ad Honorem
Dec 2015
4,668
Florania
Which social science did he excel in, if his history and economics were failures?
That's exactly the point; while Karl Marx is more quoted than JSM, I don't know if Das Kapital is necessarily as good as the Principles of Political Economy.
 

Naomasa298

Forum Staff
Apr 2010
35,357
T'Republic of Yorkshire
You use the present tense. I don't think Marx is generally held in high regard today except perhaps in Cuba and maybe North Korea. China and Vietnam are not what Marx envisioned.
Groucho, Harpo, Zeppo and Chico made them all extremely popular.