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
The Social and Political Thought of Karl Marx Marx have suffered from lack of awareness of these works. In addition, he discusses "Das Kapital" and explores the influence of the philosophers Georg Wilhelm Friedrich Hegel and Ludwig Feuerbach on Marx. "The Social and Political Thought of Karl Marx" was published by Cambridge University Press in 1968. "The Social and Political Thought of Karl Marx" received positive reviews from Gianfranco Poggi in the "British Journal of Sociology" and Herminio Martins in "The Sociological Review". The book was also reviewed by George L. Donaldson in the "International Review of Modern Sociology". Poggi described the book as a convincing attempt to