Das Kapital in the British Library, London. At the time of his death (1883), Marx had prepared the manuscript for "Das Kapital, Volume IV", a critical history of theories of surplus value of his time, the nineteenth century. The philosopher Karl Kautsky (1854–1938) published a partial edition of Marx's surplus-value critique and later published a full, three-volume edition as "Theorien über den Mehrwert" ("Theories of Surplus Value", 1905–1910). The first volume was published in English as "A History of Economic Theories" (1952). "Capital, Volume I" (1867) was published in Marx’s lifetime, but he died in 1883 before completing the manuscripts for "Capital,
Economic planning are impossible organizational forms for managing a modern industrial system. Joseph Schumpeter, an economist associated with both the Austrian school and the Institutional school of economics, argued that the changing nature of economic activity (specifically the increasing bureaucratization and specialization required in production and management) was the major cause for capitalism eventually evolving into socialism. The role of the businessman was increasingly bureaucratic, and specific functions within the firm required increasingly specialized knowledge, which could be supplied as easily by state functionaries in publicly-owned enterprises. In the first volume of "Das Kapital", Karl Marx identified the process of capital accumulation