J. A. Hobson (economist)

J. A. Hobson was a British economist and social theorist known for his critique of capitalism and imperialism. He believed that economic inequality and the pursuit of profit by the wealthy led to social instability and oppression of the working class. Hobson argued that wealth concentration limits economic growth and that a more equitable distribution of resources is necessary for a healthy society. His ideas influenced later thinkers and policymakers, emphasizing the importance of social justice, economic reform, and the dangers of unchecked capitalism.