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Purpose and benefits

Can liberalisation and ethics be combined? Is there a just way of distributing wealth? These are still very relevant issues in the age of globalisation and neoliberalism. They also exercised the mind of John Stuart Mill in the middle of the 19th century. He gives lucid and humane expression to the view that the goal of economic policy must be to ensure an appropriate material livelihood for everyone. Rejecting the premises of ‘homo economicus’, the rational maximiser of profit and consumption, and the unrestricted belief in the progress of his age, he evolved a concept of the ‘good’ society that is ultimately a vision of co-operative socialism.