Karl Marx In 1867, the first volume of "Das Kapital" was published, a work which analysed the capitalist process of production. Here Marx elaborated his labour theory of value, which had been influenced by Thomas Hodgskin. Marx acknowledged Hodgskin's "admirable work" "Labour Defended against the Claims of Capital" at more than one point in "Capital." Indeed, Marx quoted Hodgskin as recognising the alienation of labour that occurred under modern capitalist production. No longer was there any "natural reward of individual labour. Each labourer produces only some part of a whole, and each part having no value or utility of itself, there is
The Social and Political Thought of Karl Marx "locate the essential elements of continuity or discontinuity" in Marx's thought and to correct misinterpretations of it. He credited Avineri with "a close and insightful reading of the whole body of the primary sources, aided by a selective and judicious reading of the secondary literature", and described his writing as "learned and at the same time limpid" and his treatment of Marx as "solidly grounded, fair, and enlightening." However, he criticized Avineri for devoting insufficient space to discussing "Das Kapital" and Marx's views on the nature of capitalist society, and for failing to address the work of the philosophers Louis