John Stuart Mill Quotes

John Stuart Mill (1806 –1873) was a British philosopher and political economist. He was the oldest son of James Mill, Scottish economist, historian and philosopher, who had a great influence on John Stuart’s education. John Stuart Mill made great contributions to political economy, political theory and social theory. He was one of the most important…

Economic power is exercised by means of a…

Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear. – Ayn Rand