Economics Dictionary of Arguments

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Socialism: Socialism is a political and economic system in which the means of production and distribution are owned and controlled by the people. - Communism envisions a classless, stateless society where all property is commonly owned. Communism is a more radical form of socialism, theoretically representing its final stage. See also Communism, Society, Economic systems, State.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

John Stuart Mill on Socialism - Dictionary of Arguments

Höffe I 352
Socialism/Mill/Höffe: In the third edition of Political Economy(1) Mill introduces a new chapter on the working classes ("On the Probable Future of the Labouring Classes"). Influenced by the 1848 revolution in Europe, both social and national, but not reaching Britain, Mill has strong sympathies for socialism. For example, he advocates the gradual transformation of private property into cooperative and state property; he demands political equality for the workers, their freedom of association and their participation in enterprises; and he also seeks to break the economic and political domination of the landowning nobility.
Later, visible in the "Chapter on Socialism," sympathies for socialism cool down sharply.

1. J. St. Mill, Principles of Political Economy 1848

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Mill I
John St. Mill
A System of Logic, Ratiocinative and Inductive, London 1843
German Edition:
Von Namen, aus: A System of Logic, London 1843
Eigennamen, Ursula Wolf, Frankfurt/M. 1993

Mill II
J. St. Mill
Utilitarianism: 1st (First) Edition Oxford 1998

Höffe I
Otfried Höffe
Geschichte des politischen Denkens München 2016

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