The classical economists of the late eighteenth and nineteenth centuries-Adam Smith, David Ricardo, John Stuart Mill, and Karl Marx-all wrote on what they called socialist economies.

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These classical economists wrote extensively on capitalism and the market economy, not specifically on socialist economies. Karl Marx, although often associated with socialism and communism, critiqued capitalism but did not align with the others in promoting it.

The Classical Economists of the Late Eighteenth and Nineteenth Centuries-Adam