History of economic thought died, Engels completed the second volume of "Das Kapital" from his notes. Marx wrote his magnum opus "Das Kapital" (1867) at the British Museum's library in London. Karl Marx begins with the concept of commodities. Before capitalism, says Marx, production was based on slavery – in ancient Rome for example – then serfdom in the feudal societies of medieval Europe. The current mode of labor exchange has produced an erratic and unstable situation allowing the conditions for revolution. People buy and sell their labor as people buy and sell goods and services. People themselves have become disposable commodities. As Marx
Grundrisse Grundrisse The Grundrisse der Kritik der Politischen Ökonomie ("Fundamentals of Political Economy Criticism") is a lengthy, unfinished manuscript by the German philosopher Karl Marx. The series of seven notebooks were rough-drafted by Marx, chiefly for purposes of self-clarification, during the winter of 1857-8. Left aside by Marx in 1858, it remained unpublished until 1939. The "Grundrisse" is very wide-ranging in subject matter and covers all six sections of Marx's economics (of which only one, the first volume of "Das Kapital", ever reached a final form). It is often described as the rough draft of "Das Kapital", although there is considerable