When was utilitarianism founded

Resources and Further Reading. Utilitarian Thinkers. Jeremy Bentham. John Stuart Mill. Harriet Taylor Mill. Henry Sidgwick. Peter Singer. Fraser, C. The Stanford Encyclopedia of Philosophy. Forgot password? Don't have an account? Sign in via your Institution. You could not be signed in, please check and try again. Sign in with your library card Please enter your library card number.

Related Content Related Overviews utilitarianism James Mill — political philosopher John Stuart Mill — philosopher, economist, and advocate of women's rights William Blackstone — legal writer and judge See all related overviews in Oxford Reference ». Subjects: Philosophy. Works by Jeremy Bentham Fragment on Government.

All rights reserved. Get smart. Sign up for our email newsletter. Sign Up. Support science journalism. Knowledge awaits. See Subscription Options Already a subscriber? Create Account See Subscription Options. Continue reading with a Scientific American subscription. This precludes any sort of emotional or sentimental valuing, psychological biases, or other considerations. Because its ideology argues for the greatest good for the greatest number, a business acting in a utilitarian fashion should increase the welfare of others.

However, in practice, utilitarianism can lead to greed and dog-eat-dog competition that can undermine the social good.

Bentham, J. An Introduction to the Principles of Morals and Legislation , ed. Mill, J. Utilitarianism Utilitarianism, Liberty, Representative Government , Wealth Management. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.

We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. What Is Utilitarianism?

Understanding Utilitarianism. From the Founders of Utilitarianism. Relevance in a Political Economy. In Business and Commerce. Utilitarian Ethics. In the Corporate Workplace. The Limitations of Utilitarianism.