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
Economic planning are impossible organizational forms for managing a modern industrial system. Joseph Schumpeter, an economist associated with both the Austrian school and the Institutional school of economics, argued that the changing nature of economic activity (specifically the increasing bureaucratization and specialization required in production and management) was the major cause for capitalism eventually evolving into socialism. The role of the businessman was increasingly bureaucratic, and specific functions within the firm required increasingly specialized knowledge, which could be supplied as easily by state functionaries in publicly-owned enterprises. In the first volume of "Das Kapital", Karl Marx identified the process of capital accumulation