Influences on Karl Marx end to the French Second Republic and created the Second Empire which would last until the 1870 Franco-Prussian War. Marx thereby modified his theory of alienation exposed in the "Economic and Philosophical Manuscripts of 1844" and would latter arrive to his theory of commodity fetishism, exposed in the first chapter of the first book of "Das Kapital" (1867). This abandonment of the early theory of alienation would be amply discussed, several Marxist theorists, including Marxist humanists such as the Praxis School, would return to it. Others such as Althusser would claim that the epistemological break between the young Marx and
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