It is generally agreed that mainstream economics follows John Stuart Mill's economic methodology. Since Mill's deductivist methodology was explicitly anti-empirical, this raises the question of to what degree economics is an empirical science. To help answer this question, Gerald Holton's notion...

It has been alleged that J M Keynes, quoting in the General Theory a passage from J S Mill’s Principles, misunderstood the passage in question and was therefore wrong to cite Mill as an upholder of the ‘classical’ proposition that ‘supply creates its own demand’....

Recent scholarship regarding the idea of a U.S. Empire has raised serious questions as to the feasibility and desirability of imperial ambitions. This paper traces the debate over the net-benefit of empire back to the Classical economists. Adam Smith argued that the British Empire was a net cost...

Throughout his life, John Stuart Mill warned contemporaries about stagnation or immobility, a most dangerous phenomenon, perhaps the chief evil then begining to afflict modern societies. Despite its close links with many other key ideas in Mill, the perils of stagnation have not yet been subject...