Karl Marx In 1867, the first volume of "Das Kapital" was published, a work which analysed the capitalist process of production. Here Marx elaborated his labour theory of value, which had been influenced by Thomas Hodgskin. Marx acknowledged Hodgskin's "admirable work" "Labour Defended against the Claims of Capital" at more than one point in "Capital." Indeed, Marx quoted Hodgskin as recognising the alienation of labour that occurred under modern capitalist production. No longer was there any "natural reward of individual labour. Each labourer produces only some part of a whole, and each part having no value or utility of itself, there is
Grundrisse Grundrisse The Grundrisse der Kritik der Politischen Ökonomie ("Fundamentals of Political Economy Criticism") is a lengthy, unfinished manuscript by the German philosopher Karl Marx. The series of seven notebooks were rough-drafted by Marx, chiefly for purposes of self-clarification, during the winter of 1857-8. Left aside by Marx in 1858, it remained unpublished until 1939. The "Grundrisse" is very wide-ranging in subject matter and covers all six sections of Marx's economics (of which only one, the first volume of "Das Kapital", ever reached a final form). It is often described as the rough draft of "Das Kapital", although there is considerable