An Introduction to the Principles of Morals and Legislation An Introduction to the Principles of Morals and Legislation An Introduction to the Principles of Morals and Legislation is a book by the English philosopher and legal theorist Jeremy Bentham "originally printed in 1780, and first published in 1789." Bentham's "most important theoretical work," it is where Bentham develops his theory of utilitarianism and is the first major book on the topic. Bentham was the first major philosopher to develop and defend a utilitarian theory of ethics. Like John Stuart Mill, whom he greatly influenced, Bentham believed that happiness or pleasure is the only thing that is good for its
Schools of economic thought what is termed the modern era. Currently, the great majority of economists follow an approach referred to as mainstream economics (sometimes called 'orthodox economics'). Within the mainstream in the United States, distinctions can be made between the Saltwater school (associated with Cornell, Berkeley, Harvard, MIT, Pennsylvania, Princeton, and Yale), and the more laissez-faire ideas of the Freshwater school (represented by the Chicago school of economics, Carnegie Mellon University, the University of Rochester and the University of Minnesota). Both of these schools of thought are associated with the neoclassical synthesis. Some influential approaches of the past, such as the historical school