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
SC Karl-Marx-Stadt the SC Karl-Marx-Stadt from 1963 to 1989. SC Karl-Marx-Stadt SC Karl-Marx-Stadt was a sports club located at Karl-Marx-Stadt in the German Democratic Republic. Established in 1945, the sports club went through a variation of name changes until 1 July 1963, settling with SC Karl-Marx-Stadt, which lasted until its dissolution around the end of 1990. SC Karl-Marx-Stadt's figure skaters had won medals in Olympic, World, European, international and national competitions. The coach for the club's singles' ladies and men's figure skating from 1960 through 1990 (the East German club's disestablishment) was Jutta Müller, who also coached her own daughter, Gabriele Seyfert.