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Bentham and Owen on entrepreneurship and social reform

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  • Estrella Trincado
  • Manuel Santos-Redondo

Abstract

Jeremy Bentham invested an important amount of money in New Lanark's cotton mills, which at that time were run by Robert Owen. However, apparently Bentham never took a serious interest in the organisation of such a successful entrepreneurship and new model society, although it seemed to fit in with Bentham's ideas of the entrepreneur ('projector') and also with Bentham's ideas on social reform, seeking the greatest happiness of the greatest number . This article explains how Bentham's share in New Lanark came about. It tries to ascertain whether the New Lanark experiment and Owen's ideas fit Bentham's managerial theory and ideas on social reform so as to understand why Bentham did not pay more attention to Robert Owen's practice.

Suggested Citation

  • Estrella Trincado & Manuel Santos-Redondo, 2014. "Bentham and Owen on entrepreneurship and social reform," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(2), pages 252-277, April.
    • Handle: RePEc:taf:eujhet:v:21:y:2014:i:2:p:252-277
    DOI: 10.1080/09672567.2012.683877
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    References listed on IDEAS

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    1. Malthus, Thomas Robert, 1798. "An Essay on the Principle of Population," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number malthus1798.
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    Cited by:

    1. Clifford Thies, 2017. "Not So Great Utopias," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 32(Spring 20), pages 63-76.
    2. Monica Hernandez, 2017. "Inequality as Lack of Co-operation in Economic Thought," Working Papers 1718, New School for Social Research, Department of Economics, revised Aug 2017.
    3. Fotea Oana-Maria, 2015. "Exploring the Value of Social Entrepreneurship Seen as Economic and Social Innovation Driver in the Private Sector," Marketing of Scientific and Research Organizations, Sciendo, vol. 17(3), pages 23-36, September.

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