Young Marx on Feuerbach" (1845). Furthermore, other important shifts in Marx's thought have been highlighted (e.g. Étienne Balibar), in particular following the failure of the 1848 revolutions, in particular in France with Louis-Napoleon Bonaparte's December 2, 1851 coup d'état and then after the crush of the 1871 Paris Commune. This would lead him to substitute in the first chapter of "Das Kapital" (1867) his theory of commodity fetishism for the theory of alienation expounded in the "1844 Manuscripts". Young Marx Some theorists consider Karl Marx's thought to be divided into a "young" period and a "mature" one. There is disagreement to when
Underconsumption Mehring in his biography of Karl Marx, p. 404 of the 1935 Covici, Friede edition, tr. Edward Fitzgerald]. Marx argued that the primary source of capitalist crisis was not located in the realm of consumption, but rather, in production. In general, as Anwar Shaikh has argued, production creates the basis for consumption, because it puts purchasing power into the hands of workers and fellow capitalists. To produce anything requires the individual capitalist to buy machines (capital goods) and employ workers. In Volume III, Part III of Das Kapital, Marx presents a theory of crisis which is solidly grounded in the