Economics wealth (capital) and a constant population size. Marxist (later, Marxian) economics descends from classical economics. It derives from the work of Karl Marx. The first volume of Marx's major work, "Das Kapital", was published in German in 1867. In it, Marx focused on the labour theory of value and the theory of surplus value which, he believed, explained the exploitation of labour by capital. The labour theory of value held that the value of an exchanged commodity was determined by the labour that went into its production and the theory of surplus value demonstrated how the workers only got paid
Karl Marx In 2017 a feature film, "The Young Karl Marx", featuring Marx, his wife Jenny Marx, and his collaborator Friedrich Engels, among other revolutionaries and intellectuals prior to the revolutions of 1848 received good reviews both for its historical accuracy and its brio in treating the intellectual life. In May 2018, European Commission President Jean-Claude Juncker attended the event in Karl Marx's hometown of Trier, Germany, at which a statue of Marx, donated by the Chinese government, was unveiled. Juncker defended Marx, saying that "Karl Marx was a philosopher, who thought into the future, had creative aspirations, and today he stands