“The change began with John Stuart Mill and the Utopians . When Mill pointed out that economics had no ultimate solution to the problem of distribution , that society might do with the fruits of its toil as it saw fit, he introduced into the mechanical calculus of the market a conflicting calculus of moral judgment.”
Quote by Robert Heilbroner
Author
Robert Heilbroner
Robert Heilbroner was a prominent economist, born on March 24, 1919, and passed away on January 4, 2005. His research focused on macroeconomics and the history of economics, profoundly influencing economic theory and policy. more
You May Also Like
Source: The twenty-year century: essays on economics and public finance
Source: A Select Glossary of English Words Used Formerly in Senses Different from Their Present
“Nothing is true but Love, nor aught of worth; Love is the incense which doth sweeten earth.”
Source: Poems: Collected and Arranged Anew
“As shadows attend substances, so words follow upon things.”
Source: The Study of Words
Source: Homer & Langley: A Novel
Source: Mr. Beluncle: A Novel