Adam Smith homely observations, making them feel comfortable all along." Classical economists presented competing theories of those of Smith, termed the "labour theory of value". Later Marxian economics descending from classical economics also use Smith's labour theories, in part. The first volume of Karl Marx's major work, "Das Kapital", was published in German in 1867. In it, Marx focused on the labour theory of value and what he considered to be the exploitation of labour by capital. The labour theory of value held that the value of a thing was determined by the labour that went into its production. This contrasts with
Marx the First Marx the First Marx the First is a 1973 novel by Scottish writer Bruce Marshall. It is the second novel of a three volume series. "Urban the Ninth" is the first and "Peter the Second" the final. In this Catholic comic thriller Pope Marx the First returns to the Vatican after being thought lost in an air crash two years previous. He takes over from Cardinal Stephen, who had been elected as Urban IX, an "accidental Pope" during the time Marx was thought lost. Pope Marx, a very liberal Catholic, plans to make many radical changes to Catholic teaching, practices