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
2807 Karl Marx is classified as a carbonaceous C-type asteroid. According to the survey carried out by NASA's Wide-field Infrared Survey Explorer with its subsequent NEOWISE mission, "Karl Marx" measures 16.9 kilometers in diameter and its surface has an albedo of 0.057. As of 2017, no rotational lightcurve of "Karl Marx" has been obtained. The body's rotation period and shape remains unknown. This minor planet was named after German philosopher, economist and revolutionary socialist Karl Marx (1818–1883), student of the theories about society, economics and politics, and author of "Das Kapital", the foundational theoretical text of modern communist thought. The official naming citation