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 The Social and Political Thought of Karl Marx The Social and Political Thought of Karl Marx is a 1968 book about the philosopher Karl Marx by the political scientist Shlomo Avineri. Commentators have praised the book, which has become a classic. Avineri discusses the work of the philosopher Karl Marx, writing that he aims to do so without political bias and to take account of the rediscovery of early works by Marx, such as the "Critique of Hegel's Philosophy of Right", "The German Ideology", the "Economic and Philosophic Manuscripts of 1844", and the "Grundrisse". He argues that previous discussions of