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
DAAS Kapital DAAS Kapital DAAS Kapital is an Australian television comedy series written by and starring comedy trio the Doug Anthony All Stars (Paul McDermott, Tim Ferguson and Richard Fidler) with supporting cast members Paul Livingston, Michael Petroni, Bob Downe and Khym Lam. The title is a reference to the trio's acronym "DAAS" and Karl Marx's economic treatise "Das Kapital". The series premiered on 15 July 1991, in Australia on the ABC network, and the season finale aired 7 July 1992. "DAAS Kapital" aired in 18 countries including Japan, Britain, USA and Germany and was released on DVD 20 March 2013 with