Das Kapital "increasing misery" doctrine, which is presumed to mean that the proletariat is absolutely immiserated. "Capital, Volume I" (1867); published in Marx’s lifetime: "Capital, Volume II" (1885); manuscript not completed by Marx before his death in 1883; subsequently edited and published, by friend and collaborator Friedrich Engels, as the work of Marx: "Capital, Volume III" (1894); manuscript not completed by Marx before his death in 1883; subsequently edited and published, by friend and collaborator Friedrich Engels, as the work of Marx: "Capital, Volume IV" (1905–1910); critical history of theories of surplus value; manuscript written by Marx; partial edition edited and published,
Underconsumption Mehring in his biography of Karl Marx, p. 404 of the 1935 Covici, Friede edition, tr. Edward Fitzgerald]. Marx argued that the primary source of capitalist crisis was not located in the realm of consumption, but rather, in production. In general, as Anwar Shaikh has argued, production creates the basis for consumption, because it puts purchasing power into the hands of workers and fellow capitalists. To produce anything requires the individual capitalist to buy machines (capital goods) and employ workers. In Volume III, Part III of Das Kapital, Marx presents a theory of crisis which is solidly grounded in the