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History, Knowledge, and Sustainable Economic Development: The Contribution of John Stuart Mill’s Grand Stage Theory

Department of Accounting and Finance, Neapolis University Pafos, Paphos 8042, Cyprus
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Academic Editor: Panagiotis E. Petrakis
Sustainability 2021, 13(3), 1468; https://doi.org/10.3390/su13031468
Received: 3 January 2021 / Revised: 25 January 2021 / Accepted: 26 January 2021 / Published: 31 January 2021
(This article belongs to the Special Issue Cultural Dynamic and Innovation Performance)
The aim of this paper is to sketch out the idea for a grand theory in development studies as the necessary research field for fruitful historical interdisciplinary, arguing that Mill’s stage theory provides such a powerful theoretical framework able to contextualize, develop, and integrate the multiple, diverse, and middle-range contemporary strands in development studies. Second, an attempt is made to reconstitute Mill’s stages theory of economic development placing it at the center of his political economy. We claim that Mill’s theory of economic development implies that the dialectical relation between knowledge/innovation (human capital) and nature (natural capital) accelerates the course of economic change. In Mill’s analysis, the dialectical relation between knowledge and nature penetrates through culture, which is regarded by Mill as a structural element of each stage of economic development. By highlighting the importance of knowledge in the transition between different stages of economic development, and by proposing a reassessed interpretation of Mill’s stages theory of economic development, we propose that in Mill’s political economy both innovation and nature play a pivotal role in accessing sustainable economic development. View Full-Text
Keywords: development; grand theory; history; knowledge development; grand theory; history; knowledge
MDPI and ACS Style

Meramveliotakis, G.; Manioudis, M. History, Knowledge, and Sustainable Economic Development: The Contribution of John Stuart Mill’s Grand Stage Theory. Sustainability 2021, 13, 1468. https://doi.org/10.3390/su13031468

AMA Style

Meramveliotakis G, Manioudis M. History, Knowledge, and Sustainable Economic Development: The Contribution of John Stuart Mill’s Grand Stage Theory. Sustainability. 2021; 13(3):1468. https://doi.org/10.3390/su13031468

Chicago/Turabian Style

Meramveliotakis, Giorgos, and Manolis Manioudis. 2021. "History, Knowledge, and Sustainable Economic Development: The Contribution of John Stuart Mill’s Grand Stage Theory" Sustainability 13, no. 3: 1468. https://doi.org/10.3390/su13031468

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