Question

Why is John Stuart Mill generally opposed to govermnet restrants on business?

Why is John Stuart Mill generally opposed to govermnet restrants on business?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

John Stuart mill was in favour of economic liberalisation and non interference of the government. He believed that individuals are better acknowledged of their own interest then the government. Individuals according to him have a greater understanding of their own surroundings then any government agent or bureaucrat. There is more knowledge in the minds of members of society then anyone or group of government officials could ever know. He was also of the view that government can monopolize the situation faced by Businessman so that it would create obstacles in the path of innovation and creativity which are extremely close to business. Due to these reasons John Stuart mill was against government intervention in business.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the contribution of John Stuart Mill in economics?
What is the contribution of John Stuart Mill in economics?
Compare and contrast the early utilitarian ethics of Jeremy Bentham and John Stuart Mill with either...
Compare and contrast the early utilitarian ethics of Jeremy Bentham and John Stuart Mill with either the virtue ethics of Aristotle or the deontological ethics of Immanuel Kant. What does each approach to ethics say about what its proponents think ethics is? How are the approaches alike and different? What are the implications of each approach for lived experience?
According to John Stuart Mill, we only ever have the right to intervene in someone else’s...
According to John Stuart Mill, we only ever have the right to intervene in someone else’s life when... (choose any/all that apply) When they are causing harm to themselves When they are causing financial harm to someone else without their consent When they are causing psychological distress to those around them When they are causing physical harm to someone else without their consent
What is John Stuart Mill's theory? Would he be for or against abortion?
What is John Stuart Mill's theory? Would he be for or against abortion?
Discuss the difference between the philosophies of John Stuart Mills and the Rawlsian Maximum Criterion in...
Discuss the difference between the philosophies of John Stuart Mills and the Rawlsian Maximum Criterion in the context of Welfare Economics.
Why are many sociologists opposed to tracking in schools? Select one: a. because studies have generally...
Why are many sociologists opposed to tracking in schools? Select one: a. because studies have generally found that tracking reinforces previously existing inequalities for average or poor students b. because tracking is usually done inefficiently by contemporary schools c. because tracking creates hierarchies, which sociologists pretty uniformly reject d. because tracking reinforces the specialized role of students-as-consumers e. because tracking overly emphasizes testable knowledge while de-emphasizing critical thinking and creativity
Considering Joh Stuart Mill's passage regarding man choosing his 'plan of life' in Chapter III of...
Considering Joh Stuart Mill's passage regarding man choosing his 'plan of life' in Chapter III of his essay On Liberty, why is Mill so concerned about man's tendency to follow others and imitate rather than choose his own way and why is this important in understanding Mill's concept of justice and soical progress.
How does an increase in interest rates generally impact overall business? Why is this important when...
How does an increase in interest rates generally impact overall business? Why is this important when attempting to understand leverage?
DISCUSS why business customers might generally be considered to be more rational in their purchasing behaviour...
DISCUSS why business customers might generally be considered to be more rational in their purchasing behaviour than ultimate consumers. Please provide lots of detail and explaination.
In your opinion, why do you think business customers are generally more rational in their purchasing...
In your opinion, why do you think business customers are generally more rational in their purchasing behavior than end consumers? Can you provide an example?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT