Research On Bentham's Economy Philosophy Thoughts

social reformer. As an economist, Jeremy Bentham's economic ideas are based on his utilitarianism philosophy, which formed his economic philosophy. There are four chapters in the paper to discuss the economic philosophy of Bentham.The first chapter introduces the background of Jeremy Bentham's economic philosophy. Jeremy Bentham's economic philosophy was formed in the background where there were three major events --the enclosure movement, the Glorious Revolution, Industrial Revolution which were occurred in the Britain history. He inherited and developed British empiricism philosophical tradition, and Adam Smith's economic liberalism and interest theory, Aquina's fair price theory (marginal utility theory) and interest theory. The second chapter describes the philosophical basis of Bentham's economic though---- utilitarianism. His utilitarianism was formed on the basis of inheritance and development of the joy doctrine of the ancient Greek, the tradition of the British experiencism and emotionism, 18th century the French materialism philosophy. The article describes the main content of utilitarianism from the pain-joy principle, the effect principle, the utility principle. His pain-joy principle divides the pains and pleasures in detail, and considers a complex pain and pleasure is consist of several simple pains and pleasures, and calculates the size of the value of pain-joy. His effect principle considers that good or bad effects decide good and evil acts. His utility principle urges the principle on the greatest happiness of the majority, which is the core of his utilitarianism. He believed that personal happiness is personal interests, social well-being is social interests which is composed of the sum of the interests of individual members in the society. Therefore, as long as every member in the society achieve a personal interest, a combination of members in the society achieve its maximum benefits. But when personal interests conflict with the interests of the community, personal interests must be subordinate to the interests of society, which requires the individuals to pursue their own happiness and interests must also consider the happiness and interests of others or the community. Thus, Bentham's principle on the greatest happiness of most people combine egoism into altruism and is a reasonable egoism. The third chapter describes the main content of Jeremy Bentham's economic philosophy by the relationship between his economic liberalism, the marginal utility theory, welfare theory, interest theory and utilitarianism. The fourth chapter discusses Jeremy Bentham's economic philosophy have the far-reaching implications on the formation of John Stuart Mill's liberalism and welfare theory, Jevons's marginal utility theory, Fisher's interest theory. This influence is mainly reflected by John Stuart Mill, Jevons, Irving Fisher who inherited and developed the economic philosophy of Jeremy Bentham. Their economic philosophy have both connections and differences.