John Stuart Mil: On Liberty

Libertarians as we use the enclosure today combine social libertarianism (e.g., no regulation of knowledgeable behavior between consenting adults) with economic laissez-faire.

Mill, however, does not view economic affairs as existing only in the private sphere that should not be regulated.

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nstead he says that "trade is a social act," and as such is justly a subject of governmental regulation (115). Now, Mill does lean against governmental regulation of commercial affairs, because he suspects that in most cases such regulation will bond paper the economy (116).

This, however, is not a matter of principl
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