Economics, Entrepreneurship and Utopia

Taylor & Francis

Economics, Entrepreneurship and UtopiaThe Economics of Jeremy Bentham and Robert Owen\nAuthor(s): Estrella Trincado, Manuel Santos-Redondo\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138186132, 978-1138186132\nSynopsis\nIn the early 1800s, Robert Owen was a mill owner, political figure, and an advocate for social reform, and his publications attained considerable circulation. He believed that people need good working conditions in order to be encouraged to work and motivated to learn. Despite the higher costs associated with this kind of operation, compared to the traditional ones, Owens management resulted in increased productivity and profit. His results caught the attention of men of wealth who were interested in social reform. In particular, at a similar time, Jeremy Bentham was developing his own theories. Owen and Bentham seemed to be based on some similar ideas that the greatest happiness creates the greatest results.