For What Reason Did John Stuart Mill Believe The Government Should Get Involved in The Economy?

Updated: March 04, 2023
John Stuart Mill believed that the government should get involved in the economy in order to ensure that the economy functions properly and to protect the rights of citizens.
Detailed answer:

John Stuart Mill believed that the government should get involved in the economy in order to ensure that the economy functions properly and to protect the rights of citizens. As an economist, Mill was not opposed to government intervention in the economy. He was, however, opposed to government intervention for its own sake or for political gain.

Mill pointed out that it was necessary for the government to interfere with natural laws in order to ensure that they work properly. For example, he pointed out that if individuals are allowed to do whatever they want without interference from others, they will inevitably come into conflict with each other. In order to prevent this from happening, it is necessary for governments to step in and enforce laws which protect people’s rights.

Philosopher also pointed out that it is necessary for governments to step in and promote economic growth because otherwise economic growth would not be possible at all. He pointed out that there are many factors which affect whether or not an economy will grow or shrink over time (for example, technological advances or changes in population size). If these factors are left alone then it is likely that economic growth will decline over time as well since there will be fewer opportunities for people to make money or increase their standard of living through increased productivity.

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