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
Karl Marx (composer) music publisher C. F. Peters in the State Archive Leipzig • Works by and about Karl Marx in the catalogue of the Deutsche Nationalbibliothek Karl Marx (composer) Karl Marx (* 12. November 1897 in Munich; † 8. May 1985 in Stuttgart) was a German composer and music teacher. Karl Marx was the son of Josef Marx and his wife Emilie, née Eheberg. After early violin and piano lessons, Karl Marx first studied natural sciences at the Ludwig Maximilian University in Munich in 1916. His encounter with Carl Orff, during whom he took private composition lessons after the World War I,