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Economics, Entrepreneurship and Utopia - The Economics of Jeremy Bentham and Robert Owen (Hardcover)
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Economics, Entrepreneurship and Utopia - The Economics of Jeremy Bentham and Robert Owen (Hardcover)
Series: Routledge Studies in the History of Economics
Expected to ship within 10 - 15 working days
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In the early 1800s, Robert Owen was a mill owner, political figure,
and an advocate for social reform, and his publications attained
considerable circulation. He believed that people need good working
conditions in order to be encouraged to work and motivated to
learn. Despite the higher costs associated with this kind of
operation, compared to the traditional ones, Owen's management
resulted in increased productivity and profit. His results caught
the attention of men of wealth who were interested in social
reform. In particular, at a similar time, Jeremy Bentham was
developing his own theories. Owen and Bentham seemed to be based on
some similar ideas that the greatest happiness creates the greatest
results. Their ideas developed against the backdrop of the
Industrial Revolution, and growing social and economic problems in
England. Owen and Bentham were forerunners of highly relevant
current theories of economics - marginalism, entrepreneurship,
personnel management, and constructivism. They were acquainted with
such important authors as James Mill, Malthus, Ricardo and John
Stuart Mill. However, their economic theories were ruled out by
classical economists, who actively tried to silence perspectives
different from the orthodoxy. This book presents an innovative
study of these two social thinkers and reformers, who have rarely,
if ever, been studied together. This comparative study provides new
context both on the social debate taking place during the
Industrial Revolution, and on the development of modern social
thought, in particular, the relationship between socialism and
utilitarianism. Economics, Entrepreneurship and Utopia will be of
great relevance to scholars with an interest in the history of
economic ideas, the history of entrepreneurship, and social reform
in both historical and contemporary contexts.
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