“The change began with John Stuart Mill and the Utopians. When Mill pointed out that economics had no ultimate solution to the problem of distribution, that society might do with the fruits of its toil as it saw fit, he introduced into the mechanical calculus of the market a conflicting calculus of moral judgment.”

Source: The Worldly Philosophers (1953), Chapter XI, Beyond the Economic Revolution, p. 307

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Robert L. Heilbroner 39
American historian and economist 1919–2005

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