Adam Smith homely observations, making them feel comfortable all along." Classical economists presented competing theories of those of Smith, termed the "labour theory of value". Later Marxian economics descending from classical economics also use Smith's labour theories, in part. The first volume of Karl Marx's major work, "Das Kapital", was published in German in 1867. In it, Marx focused on the labour theory of value and what he considered to be the exploitation of labour by capital. The labour theory of value held that the value of a thing was determined by the labour that went into its production. This contrasts with
The Young Karl Marx The Young Karl Marx The Young Karl Marx ("Le jeune Karl Marx") is a 2017 historical drama film about Karl Marx directed by Haitian filmmaker and political activist Raoul Peck, co-written by Peck and Pascal Bonitzer, and starring August Diehl. It was screened at the Berlin Film Festival, from 9–19 February 2017. this film commemorates to the 200th birthday of the marxist founder. While in his 20s Karl Marx struggles to establish himself as a writer of political and sociological importance. He meets Friedrich Engels, a young man whose wealthy father owns factories. Engels' belief that the workers there and