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John A. Hobson, ( 1858– 1940) was an English economist and imperial critic, widely popular as a lecturer and writer. Criticizing classical economics, which centered on inflexible, mathematical laws, he held that economic theory was bound up with the ethical problems of social welfare and should be a guide to reform. The economic measures he supported prefigured the more fully developed ideas of John Maynard Keynes.
In Imperialism ( 1902) he likened imperialism to the excesses of capitalism. His other works include The Evolution of Modern Capitalism ( 1894), The Economics of Distribution ( 1900), The Economics of Unemployment ( 1922), and the autobiographical Confessions of an Economic Heretic ( 1938).
See also:
Theories of New Imperialism for an account of Hobson's theories on imperialism.
Hobson, JA
