J.S Mill on Political Corruption in Australia

In: Business and Management

Submitted By csandler95
Words 2460
Pages 10
J.S. Mill’s Economic Philosophy and Political Corruption in 21st Century Australia
Carly Sandler
Z5088638
University of New South Wales

Introduction
John Stuart Mill was an influential economic thinker and reformer, whose novel ideals of economic social proved to have a lasting impact on future reformative programs endowed in moral value. Mill’s economic contributions has been characterized into the classical system of economics: production, the distribution of goods, rents and wages, and the economic role of government, which leaves many to critique its practical implications to modern day issues like political corruption in Australia. Today’s political environment in Australia is pigeonholed by a lack of transparency in government contracting and enforcement of regulations, greedy politicians extorting taxpayer money, and power of lobbyists on influencing government policy. Though these concepts were of no concern during Mill’s life, the fundamental theme of institutional power and constraints on societal development can be utilized to weave abstract thinking into realistic interpretations. Thus, the aim of this paper is to ascertain the extent to which Mill’s 19th century economic ideas can be applied to issues of political corruption in 21st century Australia and possible reform.
The Economic Philosophy of John Stuart Mill
J.S. Mill was born in 1806 in Pentonville, France. He was the eldest son of James Mill, who was a major constituent of Jeremy Bentham’s radical utilitarianism (Wilson, 2014). James Mill was a significant influence on J.S. Mill’s economic theory as he stringently oversaw his son’s education. Completely immersed into his studies and sheltered from the reality of the world, J.S. Mill’s utilitarian education greatly influenced his interest of societal welfare. However, Mill suffered from acute depression in his late twenties as he became…...

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