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
Francis Wheen journalism. Wheen is the author of several books, including a biography of Karl Marx which won the Deutscher Memorial Prize in 1999, and has been translated into twenty languages. He followed the biography of Karl Marx with a "biography" of "Das Kapital", which follows the creation and publication of the first volume of Marx's major work as well as other incomplete volumes. Wheen had a column in "The Guardian" for several years. He writes for "Private Eye" and is currently the magazine's deputy editor. His collected journalism, "Hoo-hahs and Passing Frenzies", won him the Orwell Prize in 2003. He has