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
Biographies of Karl Marx / New York: John Wiley & Sons.[3] Originally published as part of a series "Modern Sociologists". Reissued 1963. Published in original German version 1967. Translated in Italian, French, Spanish and Greek. Many times reissued. Written by Heinrich Gemkow. Marx, Life and Works (New York: Macmillan, 1980) Karl Marx: An intellectual biography is a biography of Karl Marx by Rolf Hosfeld. Marx I is a biography by Michel Henry. Followed by Marx II. Karl Marx: Anthropologist is a book by American professor and chair of anthropology Thomas C. Patterson. Karl Marx: An Overview of his Biographies by Angelo Segrillo. Biographies of