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The British moral philosopher John Stuart Mill also came to advocate a form of economic socialism within a liberal context.In later editions of his Principles of Political Economy (1848), Mill would argue that "as far as economic theory was concerned, there is nothing in principle in economic theory that precludes an economic order based on socialist policies".

Friedrich Engels argued that in 1848, at the time when the Communist Manifesto was published, "socialism was respectable on the continent, while communism was not".It has been claimed – though controversially – that there were elements of socialist thought in the politics of classical Greek philosophers Plato In the period right after the French Revolution, activists and theorists like François-Noël Babeuf, Étienne-Gabriel Morelly, Philippe Buonarroti and Auguste Blanqui influenced the early French labour and socialist movements.The first "self-conscious socialist movements developed in the 1820s and 1830s.Socialist politics has been both centralist and decentralised; internationalist and nationalist in orientation; organised through political parties and opposed to party politics; at times overlapping with trade unions and at other times independent of—and critical of—unions; and present in both industrialised and developing countries.While all tendencies of socialism consider themselves democratic, the term "democratic socialism" is often used to highlight its advocates' high value for democratic processes in the economy and democratic political systems, usually to draw contrast to tendencies they may perceive to be undemocratic in their approach.

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