Young Marx on Feuerbach" (1845). Furthermore, other important shifts in Marx's thought have been highlighted (e.g. Étienne Balibar), in particular following the failure of the 1848 revolutions, in particular in France with Louis-Napoleon Bonaparte's December 2, 1851 coup d'état and then after the crush of the 1871 Paris Commune. This would lead him to substitute in the first chapter of "Das Kapital" (1867) his theory of commodity fetishism for the theory of alienation expounded in the "1844 Manuscripts". Young Marx Some theorists consider Karl Marx's thought to be divided into a "young" period and a "mature" one. There is disagreement to when
Circulating capital production. In contrast to fixed capital, it is used up in every cycle (raw materials, basic and intermediate materials, combustible, energy…). In accounting, the circulating capital comes under the heading of current assets. Building on the work of Quesnay and Turgot, Adam Smith (1776) made the first explicit distinction between fixed and circulating capital. In his usage, circulating capital includes wages and labour maintenance, money, and inputs from land, mines, and fisheries associated with production. According to Karl Marx (second volume of Das Kapital, end of chapter 7) the turnover of capital influences "the processes of production and self-expansion", the