Adam Smith homely observations, making them feel comfortable all along." Classical economists presented competing theories of those of Smith, termed the "labour theory of value". Later Marxian economics descending from classical economics also use Smith's labour theories, in part. The first volume of Karl Marx's major work, "Das Kapital", was published in German in 1867. In it, Marx focused on the labour theory of value and what he considered to be the exploitation of labour by capital. The labour theory of value held that the value of a thing was determined by the labour that went into its production. This contrasts with
Influences on Karl Marx was "much more important and copious than Darwin". Although there is no mention of Darwin in "The Communist Manifesto" (published eleven years prior to "The Origin of Species"), Marx includes two explicit references to Darwin and evolution in the second edition of "Das Kapital", in two footnotes where he relates Darwin's theory to his opinion about production and technology development. In the Volume I, Chapter 14: "The Detail Labourer and his implements", Section 2, Marx referred to Darwin's "Origin of Species" as an "epoch-making work" while in Chapter 15, Section I took on the comparison of organs of plants to