Whether Political Economy is Useful (Illustrated)

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James Mill made essential contributions to social theory, political theory and political economy as a Scottish historian, economist, political theorist, and philosopher. He was a founder of classical economics along with David Ricardo and his son John Stuart Mill. James Mill published his influential History of British India in 1818 that contains a complete denunciation and rejection of Indian culture and civilization.

In 1804, James Mill published Whether Political Economy is Useful.  He argued “if the difference is only in degree, political economy may still be honoured with a high, though not the highest, degree of your esteem.” The essay is only one that Mill wrote for the scope and method political economy.

The essay is James Mill’s influential contributions to the methodology of political economy. It is one of the most widely read of all books on economic theory in the world as Principles of Economics by Alfred Marshall and On the Principles of Political Economy by John Stuart Mill.

Using his writings, James Mill became one of the greatest minds who helped build the foundation of a new form of democratic society in human history that is prevailing and failing communism and socialism around the world.

This is a must-read book for people who are interested in the deepest thoughts about the methodology for political economy by James Mill, one of the greatest thinkers on the planet.