ABSTRACT OF PAPER
Title: JOHN STUART MILL ON PROPERTY AND JUSTICE
Author: OZGUR M. ERDEM
John Stuart Mill is one of the most influential philosophers and political economists within the history of economic thought. Besides being an avant-garde utilitarian, his Principles dominated the political economy domain for more than a quarter of a century. As a utilitarian, he believed that a concept of justice which is grounded in utility is the most sacred and binding part of morality, and that the proper principles of justice are those which tend to have the best consequences. Justice, at the same time, implies something that an individual can claim as his or her legal and moral right. If this right is an exclusive disposal by an individual of a product created by his or her own efforts, or of a good received by its producer by fair aggreement, it constitutes the institution of property. In this paper, J.S. Mill’s views regarding private property are elaborated in the light of his perceptions of utility and justice. This exploration will allow us to bring together the views on justice and property of a utilitarian on the one hand, and a classical economist influenced by socialism on the other.
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