Question

Nineteenth century liberal economists like John Stuart mill believed that

Answer 1

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.