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
Tomb of Karl Marx Tomb of Karl Marx The Tomb of Karl Marx stands in the Eastern cemetery of Highgate Cemetery, north London, England. It commemorates the burial sites of Marx, of his wife, Jenny von Westphalen, and other members of his family. Originally buried in a different part of the Eastern cemetery, the bodies were disinterred and reburied at their present location in 1954. The tomb was designed by Laurence Bradshaw and was unveiled in 1956, in a ceremony led by Harry Pollitt, the General Secretary of the Communist Party of Great Britain, which funded the memorial. The tomb consists of a large