Das Kapital in the British Library, London. At the time of his death (1883), Marx had prepared the manuscript for "Das Kapital, Volume IV", a critical history of theories of surplus value of his time, the nineteenth century. The philosopher Karl Kautsky (1854–1938) published a partial edition of Marx's surplus-value critique and later published a full, three-volume edition as "Theorien über den Mehrwert" ("Theories of Surplus Value", 1905–1910). The first volume was published in English as "A History of Economic Theories" (1952). "Capital, Volume I" (1867) was published in Marx’s lifetime, but he died in 1883 before completing the manuscripts for "Capital,
Underconsumption Mehring in his biography of Karl Marx, p. 404 of the 1935 Covici, Friede edition, tr. Edward Fitzgerald]. Marx argued that the primary source of capitalist crisis was not located in the realm of consumption, but rather, in production. In general, as Anwar Shaikh has argued, production creates the basis for consumption, because it puts purchasing power into the hands of workers and fellow capitalists. To produce anything requires the individual capitalist to buy machines (capital goods) and employ workers. In Volume III, Part III of Das Kapital, Marx presents a theory of crisis which is solidly grounded in the