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Title: John Stuart Mill's theory of capital, interest and employment
Author: Hunter, Laurence Colvin
Awarding Body: University of Oxford
Current Institution: University of Oxford
Date of Award: 1959
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This study is an attempt to trace a particular theme of analysis throughout John Stuart Mill's economic theory and to discover what light such a procedure sheds on our knowledge of Mill's work and on our understanding of his historical role. The main concern of the study is with Mill's system of analysis as such, and not, except incidentally, with the history of the ideas which found expression in his work. After a preliminary examination of Mill's position in the evolution of economic theory, a first step is taken towards establishing what were the properties and assumptions of the model of the economic system adopted by Mill in his major work in the field, the Principles of Political Economy (1848). The assumptions necessary for a consistent model are outlined and the argument then proceeds with a detailed discussion of Mill's four fundamental propositions on capital. These theorems are taken to be the principal foundation on which the remainder of Mill's analysis of production, distribution and capital accumulation is based. An attempt is made to show that these theorems are to be considered as an interdependent group which have relevance only for the system in which they stand.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Mill ; John Stuart ; 1806-1873