Question

With reference to Capitalism and Socialism, state the following:

Two key proponents each of Capitalism and Socialism.

Answer 1

• Capitalism: Key Proponents of Capitalism include Richard Cantillon, Adam Smith, David Ricardo, Fredrich A. Hayek, Ayn Rand, Milton Friedman.
• Socialism: Key Proponents of Socialism include Robert Owen, Pierre Leroux, Karl Marx, Fredrick Engels, John Stuart Mill, Albert Einstein, George Bernard Shaw.