The Principles of Economics (by Mill)

John Stuart Mill's "Principles of Economics" explores the nature of production, distribution, and consumption of goods and services. Mill emphasizes individual choice, the importance of utility (satisfaction) in decision-making, and the role of supply and demand in setting prices. He addresses the impact of economic systems on society, advocating for progress and addressing issues like wealth inequality. Mill also discusses the significance of government intervention in promoting social welfare while balancing liberty. His work lays foundational ideas about how economies function and the interplay between individual actions and broader societal impacts.