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Pierre-Joseph Proudhon: First self proclaimed anarchist
An economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
Adam Smith : Father of modern economics
A political and economic theory of that advocates that the means of production, distribution, and exchange should be owned or regulated by the government.
The political and economic theories of Karl Marx and Friedrich Engels, later developed as the basis for communism.
Karl Marx : Founder of Marxism
Pierre Leroux : Guy credited for socialism
Works cited:
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