Quarterly Journal of Austrian Economics
Author:
Lowell E. Gallaway
Online Publish Date:
Volume 5, No. 1 (Spring 2002) I n this article we examine the differences between two prominent economists who lived about a century apart in time. In the nineteenth century, there was John Stuart Mill (1806–1873) who offered (in his Principles of Political Economy , bk. 2, chap. 1) the following assessment of the relationship between the