History of socialism French revolution, as well as from the German philosophy of GWF Hegel, and English political economy, particularly that of Adam Smith and David Ricardo. Marx and Engels developed a body of ideas which they called scientific socialism, more commonly called Marxism. Marxism comprised a theory of history (historical materialism) as well as a political, economic and philosophical theory. In the "Manifesto of the Communist Party", written in 1848 just days before the outbreak of the revolutions of 1848, Marx and Engels wrote, "The distinguishing feature of Communism is not the abolition of property generally, but the abolition of bourgeois property".
Journal of Social, Political, and Economic Studies Journal of Social, Political, and Economic Studies The Journal of Social, Political, and Economic Studies () is a quarterly journal published by Scott-Townsend Publishers, the publishing arm of the Council for Social and Economic Studies. It was founded in 1976 by anthropologist Roger Pearson, and was originally published by his Council for American Affairs, an American representative in the World Anti Communist League. It is now published by the Council for Social and Economic Studies, of which Pearson was the president as of 1982. It has been identified as one of two international journals which regularly publishes articles pertaining to