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John Stuart. Mill

John Stuart. Mill. “Unlike the laws of production, those of distribution are partly of human institutions: since the manner in which wealth is distributed in any given society depends on the statutes or usages therein obtaining…..

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John Stuart. Mill

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  1. John Stuart. Mill

  2. “Unlike the laws of production, those of distribution are partly of human institutions: since the manner in which wealth is distributed in any given society depends on the statutes or usages therein obtaining….. • Though governments have the power of deciding what institutions shall exist, they cannot arbitrarily determine how these institutions shall work.”

  3. But in our analysis… of the requisites of production, we found that there is another necessary element in it besides labour. There is also capital; and this being the result of abstinence, the produce, or its value, must be sufficient to remunerate, not only all the labour required, but the abstinence of all the persons by whom the remuneration of the different classes of labourers was advanced. The return for abstinence is profit.

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