Karl Marx In 1867, the first volume of "Das Kapital" was published, a work which analysed the capitalist process of production. Here Marx elaborated his labour theory of value, which had been influenced by Thomas Hodgskin. Marx acknowledged Hodgskin's "admirable work" "Labour Defended against the Claims of Capital" at more than one point in "Capital." Indeed, Marx quoted Hodgskin as recognising the alienation of labour that occurred under modern capitalist production. No longer was there any "natural reward of individual labour. Each labourer produces only some part of a whole, and each part having no value or utility of itself, there is
Theories of Surplus Value "Das Kapital" and in several letters during the following ten years, Friedrich Engels had indicated his intention to publish the manuscript of "Theories of surplus-value". However, although he succeeded in publishing the second and third volume of ‘’Das Kapital’’, he was unable to publish the "Theories" before he died in 1895. The out-of-print Progress Publishers English edition of TSV is available online: Theories of Surplus Value Theories of Surplus Value () is a draft manuscript written by Karl Marx between January 1862 and July 1863. It is mainly concerned with the West European theorizing about "Mehrwert" (added value or surplus-value)