Economics wealth (capital) and a constant population size. Marxist (later, Marxian) economics descends from classical economics. It derives from the work of Karl Marx. The first volume of Marx's major work, "Das Kapital", was published in German in 1867. In it, Marx focused on the labour theory of value and the theory of surplus value which, he believed, explained the exploitation of labour by capital. The labour theory of value held that the value of an exchanged commodity was determined by the labour that went into its production and the theory of surplus value demonstrated how the workers only got paid
Wage Labour and Capital pricing of certain commodities. Beyond that the essay explores how capital and capitalism do not service any purpose other than to gain more of it, which Marx presents as an illogical method of living one’s life. Wage Labour and Capital "Wage Labour and Capital" (German: "Lohnarbeit und Kapital") is an essay on economics by Karl Marx, written in 1847 and first published in articles in the "Neue Rheinische Zeitung" in April 1849. This essay has been widely acclaimed as the precursor to Marx’s important treatise "Das Kapital". The ideas that are expressed in the essay have a very thorough economic