History of economic thought died, Engels completed the second volume of "Das Kapital" from his notes. Marx wrote his magnum opus "Das Kapital" (1867) at the British Museum's library in London. Karl Marx begins with the concept of commodities. Before capitalism, says Marx, production was based on slavery – in ancient Rome for example – then serfdom in the feudal societies of medieval Europe. The current mode of labor exchange has produced an erratic and unstable situation allowing the conditions for revolution. People buy and sell their labor as people buy and sell goods and services. People themselves have become disposable commodities. As Marx
The Formation of the Economic Thought of Karl Marx The Formation of the Economic Thought of Karl Marx The Formation of the Economic Thought of Karl Marx: 1843 to Capital () is a 1967 book by the Marxist theorist Ernest Mandel, in which the author discusses the economic theories of Karl Marx. It appeared in English translation in 1971. "The Formation of the Economic Thought of Karl Marx" received a positive review in "Telos" from James E. Hansen when the work was published in English in 1971. Hansen welcomed Mandel's book as important contribution to scholarship on Marx. The political scientist David McLellan called Mandel's work "excellent" in the