Questions what is the main features of the socialist economy?

Founders of Liberalism and their ideas.

Key words: Scholars, thoughts, contributions
Liberalism, the belief in freedom, equality, democracy and human rights, is historically associated with thinkers such as John Locke and Montesquieu. constitutionally limiting the power of the monarch, affirming parliamentary supremacy, passing the Bill of Rights and establishing the principle of "consent of the governed". The 1776 Declaration of Independence of the United States founded the nascent republic on liberal principles without the encumbrance of hereditary aristocracy—the declaration stated that "all men are created equal and endowed by their creator with certain unalienable rights, among these life, liberty, and the pursuit of happiness",^[1] echoing John Locke's phrase "life, liberty, and property". A few years later, the French Revolution overthrew the hereditary aristocracy, with the slogan "liberty, equality, fraternity" and was the first state in history to grant universal male suffrage. The Declaration of the Rights of Man and of the Citizen, first codified in 1789 in France, is a foundational document of both liberalism and human rights. The intellectual progress of the Enlightenment, which questioned old traditions about societies and governments, eventually coalesced into powerful revolutionary movements that toppled what the French called the Ancien Régime, the belief in absolute monarchy and established religion, especially in Europe, Latin America and North America.

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     Components of Political Economy.
     

Key words: Scholars, ideas, contributions
Political economy is a social science that studies production, trade, and their relationship with the law and the government. It is the study of how economic theories affect different socio-economic systems such as socialism and communism, along with the creation and implementation of public policy.
Different groups in an economy have different beliefs as to how their economy should be developed; hence, political economy is a complex field that covers a broad range of political interests. In simple terms, political economy refers to the advice given by economists to the government on either general economic policies or on certain specific proposals created by politicians.

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