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
Karl Marx House in the Soviet Union, China, Central and Eastern Europe. The Karl Marx House museum currently receives about 32,000 visitors a year, about a third of whom are tourists from China, for whom it is one of the main attractions in Germany. Karl Marx House The Karl Marx House museum () is a writer's house museum in Trier (Rhineland-Palatinate, Germany). In 1818, Karl Marx, the father of modern socialism and communism, was born in the house. It is now a museum about Karl Marx's life and writings as well as the history of communism. The significance of the house went unnoticed