Philosophy of happiness person. He continues by acknowledging that one must be allowed a private sphere of life to realize those particular attempts of happiness without the interference of society. Jeremy Bentham (1748-1832) was a British philosopher, jurist, and social reformer. He is regarded as the founder of modern utilitarianism. His particular brand of utilitarianism indicated that the most moral action is that which causes the highest amount of utility, where defined utility as the aggregate pleasure after deducting suffering of all involved in any action. Happiness, therefore, is the experience of pleasure and the lack of pain. Actions which do not promote
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"