Socialism: Utopian and Scientific of thousands of copies. Throughout the decade of the 1860s, Karl Marx, close personal friend and political associate of Friedrich Engels, dedicated himself to the study of economics, culminating in the publication of the first volume of "Das Kapital" in 1867. Marx's lengthy and ponderous volume was extremely difficult for the average to penetrate, however, leading Engels to suggest to Marx in a letter of September 16, 1868 that a short popularized version of "Das Kapital" for a working class audience was urgently needed. "If it is not written, some Moses or other will come along and do it and
Organic composition of capital constant capital in the total capital outlay increases, and that labor input per product unit declines. The concept is introduced in chapter 25 of "Das Kapital", where Marx writes: In his discussion, Marx leaves out of account components of capital other than labour-power and means of production invested in, such as the faux frais of production (incidental expenses). The full importance of the OCC emerges in chapter 8 of the third volume of "Das Kapital". The value composition of capital (VCC) is usually expressed as a ratio of constant capital to variable capital, or formula_1. Other measures are also used