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lina2011 [118]
3 years ago
8

Nineteenth century liberal economists like John Stuart mill believed that

History
1 answer:
borishaifa [10]3 years ago
5 0
John Stuart Mill believed in free markets and economic democracy, and that economic democracy should replace capitalism. However, even though he had a liberal view on economy, he did accept interventions in the economy such as taxation on certain items if there was a general approval of a certain item being taxed for a general benefit. He was also in favor of a cooperative wage system replacing the current wage system they had in place in England.
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