Influences on Karl Marx end to the French Second Republic and created the Second Empire which would last until the 1870 Franco-Prussian War. Marx thereby modified his theory of alienation exposed in the "Economic and Philosophical Manuscripts of 1844" and would latter arrive to his theory of commodity fetishism, exposed in the first chapter of the first book of "Das Kapital" (1867). This abandonment of the early theory of alienation would be amply discussed, several Marxist theorists, including Marxist humanists such as the Praxis School, would return to it. Others such as Althusser would claim that the epistemological break between the young Marx and
Economic planning are impossible organizational forms for managing a modern industrial system. Joseph Schumpeter, an economist associated with both the Austrian school and the Institutional school of economics, argued that the changing nature of economic activity (specifically the increasing bureaucratization and specialization required in production and management) was the major cause for capitalism eventually evolving into socialism. The role of the businessman was increasingly bureaucratic, and specific functions within the firm required increasingly specialized knowledge, which could be supplied as easily by state functionaries in publicly-owned enterprises. In the first volume of "Das Kapital", Karl Marx identified the process of capital accumulation