Abstract
Jeremy Bentham, English philosopher and reformer, was the founder of classical utilitarianism, the doctrine that an action was morally right to the extent that it promoted the greatest happiness of the greatest number. In Bentham’s hands, the principle of utility provided a critical standard by which to test the value of existing practices, laws, and institutions, and to suggest reform and improvement. His basic premise in political economy was that wealth would be most effectively produced where the individual was left free from government intervention, though government had a crucial role in providing the background conditions of security without which civilized life was impossible.
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Schofield, P. (2018). Bentham, Jeremy (1748–1832). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_566
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DOI: https://doi.org/10.1057/978-1-349-95189-5_566
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