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
Karl Marx short essays on capital, landed property, wage labour, the state and foreign trade and the world market, though this work did not appear in print until 1939 under the title ""Outlines of the Critique of Political Economy"". Finally in 1859, Marx published "A Contribution to the Critique of Political Economy", his first serious economic work. This work was intended merely as a preview of his three-volume "Das Kapital" (English title: "Capital: Critique of Political Economy"), which he intended to publish at a later date. In "A Contribution to the Critique of Political Economy", Marx expands on the labour theory of