History of University College London pass the Commons. A third bill was introduced in the Lords in February 1898 and finally passed both houses, despite a number of blocking amendments, receiving Royal Assent on 12 August. The University of London was reformed under the University of London Act 1898 to become a federal teaching university for London while retaining its position as an examining body for colleges outside of the capital. UCL became a school of the University "in all faculties". The philosopher and jurist Jeremy Bentham (1748–1832), advocate of Utilitarianism, is often credited with being one of the founders of the original 'University of
History of economic thought theory. John Stuart Mill (1806–1873) was the dominant figure of political economic thought of his time, as well as a Member of parliament for the seat of Westminster, and a leading political philosopher. Mill was a child prodigy, reading Ancient Greek from the age of 3, and being vigorously schooled by his father James Mill. Jeremy Bentham was a close mentor and family friend, and Mill was heavily influenced by David Ricardo. Mill's textbook, first published in 1848 and titled "Principles of Political Economy" was essentially a summary of the economic thought of the mid-nineteenth century. "Principles of Political Economy"