As a civil servant in the Ministry of Munitions and Reconstruction during the First World War he came to believe in the benefits of state intervention in the economy. In the mid-1920s, however, he changed his mind and adopted "the principles of undiluted laissez-faire".
From his conversion to classical liberalism in the mid-1920s until his death in 1954 Benn published over twenty books and an equivalent amount of pamphlets propagating his ideas. His The Confessions of a Capitalist was originally published in 1925 and was still in print twenty years later after selling a quarter of a million copies. In it he rejected the labour theory of value and argued that wealth is a by-product of exchange.
In the ideal state of affairs, no one would record a vote in an election until he or she had read the eleven volumes of Jeremy Bentham and the whole of the works of John Stuart Mill, Herbert Spencer and Bastiat as well as Morley's Life of Cobden.
Ernest Benn Limited
Benn was also a principal and manager of the publishing firm Benn Brothers, later Ernest Benn, Ltd.
This quote is often misattributed to Groucho Marx, with slightly different wording ("Politics is the art of looking for trouble; finding it everywhere, diagnosing it wrongly, and applying unsuitable remedies").
- "Alumni". Central Foundation Boys' School. 2013. Archived from the original on 3 October 2015. Retrieved 9 October 2015.
- Deryck Abel, Ernest Benn: Counsel for Liberty (London: Benn, 1960), p. 11.
- W. H. Greenleaf, The British Political Tradition. Volume II: The Ideological Heritage (London: Methuen, 1983), p. 302.
- Ernest Benn, The Letters of an Individualist to The Times, 1921-1926 (London: Benn, 1927), p. 13.
- Henry Powell Spring, What is Truth?, Orange Press, 1944, p. 31
- Gyles Brandreth, Word Play: A cornucopia of puns, anagrams and other contortions and curiosities of the English language, Coronet, 2015.
- Catalogue of Benn's papers, held at the Modern Records Centre, University of Warwick
- Ernest J. P. Benn at Library of Congress Authorities, with about 40 catalogue records
The Hon. Alexander Shaw
| High Sheriff of the County of London
|Baronetage of the United Kingdom|
(of Old Knoll)