Debunking Mill's "Fourth Fundamental Proposition on Capital"

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Grieve, Roy H (2015) Debunking Mill's "Fourth Fundamental Proposition on Capital". Discussion paper. University of Strathclyde, Glasgow.

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Abstract

J S Mill's enigmatic "Fourth Proposition on Capital" has been brought to our notice by Steven Kates (2015). Kates takes a positive view of the proposition. Our focus is not, however, on Kates, but on the aforesaid proposition. The purpose of this paper is to demonstrate, via close examination of Mill's explanatory examples, just how unsatisfactory are its foundations. We conclude that the doubters are justified: Mill's Fourth Proposition is, demonstrably, a muddle.

  • Item type:Monograph(Discussion paper)
    ID code:68329
    Dates:
    Date
    Event
    28 April 2015
    Published
    Notes:Published as a paper within the Discussion Papers in Economics, No. 15-02 (2015)
    Subjects:Social Sciences > Economic Theory
    Department:Strathclyde Business School > Economics
    Depositing user: Pure Administrator
    Date deposited:11 Jun 2019 08:58
    Last modified:11 Nov 2024 16:05
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/68329
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