Also known as “socialism of the chair”. Bourgeois reformism preached by professors of the Younger Historical School in Germany in the 1860s and 1870s from university pulpits under the name of “socialism”. It was prevalent in Germany in the 1870s and 1890s, and later popularized in Britain, the United States, France and other countries. Its chief representatives were Wagner, von Schmoller, Brentano, and Sombart among others…
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