...JS Mill in Book V of Principles of Political Economy. "Laisser-faire," declared Mill, "should be the general practice; every departure from it, unless required by some great good, is a certain evil,"69 and then proceeded to enumerate the many great goods to be accomplished by broad government...

...over the minds of economists. The essence of his view was (Mill, 1848): Laissez faire should be the general practice: every departure from it, unless...required by some great good, is a certain evil. The Wall Street Crash of 1929, followed by the Great Depression of the 1930s, had caused so much pain and...

...(1847, 5, 11:2). Mill firmly believed that in a democratic society, "laisser-faire . . . should be the general practice: every departure from it, unless required by some great good, is a certain evil." However, he also admitted that market competition is not the best solution in all cases., for example,...

...philosophy expressed so clearly by John Stuart Mill when he said, "Laisser-faire ... should be the general practice; every departure from it, unless required by some great good, is a certain evil."40 These considerations have gained such credence in recent years that the World Bank, the OECD,...

...famous dictum in his Principles of political economy (1848) which said that letting alone 'should be the general practice: every departure from it, unless required by some great good, is a certain evil'.40 Although Mill attempted to distinguish between the 'necessary' and the 'optional' functions...

...the last of which was in 1871. 45. In one place he says, "[L]aissez-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil" [950]. In another he says, [A]sa general rule, the business of life is better performed when those...

...examining the pros and cons, arrives at the conclusion that "laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil." But since he had no criterion by which to measure the greatness of a great good, the best he could...

...onus is always "on those who recommend government interference. Laissez-faire, in short, should be the general practice: every departure from it unless required by some great good, is a certain evil"69 Believing with M. Comte that there are no absolute truths in the political art, nor indeed...

...944) In sum, Mill advises that a laissez-faire approach "should be the general practice," and that "every departure from it, unless required by some great good, is a certain evil" (Mill 1871, p. 950). This follows from Mill's general rule: "the business of life is better performed...

...Mill's most common stance was one that favored laissez-faire. "Laissez-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil." Principles of Political Economy (London: JW Parkes, 1 848), 947. 7. See for example Albert Salomon,...