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
Biographies of Karl Marx Biographies of Karl Marx Karl Marx (5 May 1818 – 14 March 1883) was a German philosopher, economist, sociologist, journalist, and revolutionary socialist. Born in Trier to a middle-class family, he later studied political economy and Hegelian philosophy. For a general review of Karl Marx biographies, see the article "Karl Marx: An Overview of his Biographies" by Angelo Segrillo. Karl Marx: The Story of His Life () is a 1918 book about Karl Marx by Franz Mehring, a German historian. Considered the classical biography of Marx, the work has been translated into many languages, including Russian (1920), Danish (1922), Hungarian