Full Idea
Utilitarianism provides an account of what liberties we should and should not have. Mill argues we should be free to compete in trade, but not to use another's property without consent. Thus he sets limits to liberty, while paying it great respect.
Gist of Idea
Utilitarianism values liberty, but guides us on which ones we should have or not have
Source
report of John Stuart Mill (On Liberty [1857]) by Jonathan Wolff - An Introduction to Political Philosophy (Rev) 4 'Intrinsic'
Book Reference
Wolff,Jonathan: 'An Introduction to Political Philosophy (Rev)' [OUP 2006], p.125