After reading this article you will learn about the Contribution of Hobbes, Hume, Bentham and James Mill to the “Theory of Limited State” 1. Thomas Hobbes on Limited State: Hobbes’s sovereign was no doubt endowed with absolute power. But he was extremely cautious about the reason and calculating power of the individual. The sovereignty had […]
Contribution of Hobbes, Hume, Bentham and James Mill to the “Theory of Limited State”
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Views of Adman Smith, Ricardo and JS Mill on the “Theory of Limited State:
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After reading this article you will learn about the views of various classical economists like Adman Smith, Ricardo and JS Mill to the utilitarian theory of limited states. Classical Economist # 1. Adam Smith (1723-1790): Two famous classical economists, from the standpoint of economics, supported utilitarianism along with limited state. Particularly Smith was pioneer in […]