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
Social effects of evolutionary theory their opinions of evolutionary theory are unknown. To some extent, Marxists are the exception. Karl Marx, Friedrich Engels and Vladimir Lenin supported Darwin's evolutionary theory. Marx even sent Darwin a copy of his book "Das Kapital", though Darwin never wrote back to him. Karl Marx's work was based on a material view of the world that showed natural causes and effects for all aspects of human society and economy. He recognized that Darwin's work provided a similar material explanation for all of nature, thus supporting Marx's worldview. In 1861 Karl Marx wrote to his friend Ferdinand Lassalle, "Darwin’s work is