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Richard Theodore Ely was an American economist and leader of the Progressive movement. He called for more government intervention to reform what he perceived as the injustices of capitalism. He wrote numerous works about socialism and the organized labor movement. In this book, the author follows the development of socialism in France and Germany. He studies the influence of prominent events, such as the French revolution, and the thoughts of personalities like Cabet, Saint-Simon, Louis Blanc, Karl Marx, and Ferdinand Lassalle.