Das Kapital "increasing misery" doctrine, which is presumed to mean that the proletariat is absolutely immiserated. "Capital, Volume I" (1867); published in Marx’s lifetime: "Capital, Volume II" (1885); manuscript not completed by Marx before his death in 1883; subsequently edited and published, by friend and collaborator Friedrich Engels, as the work of Marx: "Capital, Volume III" (1894); manuscript not completed by Marx before his death in 1883; subsequently edited and published, by friend and collaborator Friedrich Engels, as the work of Marx: "Capital, Volume IV" (1905–1910); critical history of theories of surplus value; manuscript written by Marx; partial edition edited and published,
Karl Marx and the Close of His System labour value, he argues that the basic error in Marx's system resulted from a self-contradiction of Marx's law of value, namely how the rate of profit and the prices of production of the third volume of Marx's "Capital" contradict Marx's theory of value in the first volume. He maintains that since the law of value is not directly controlling in capitalist production, the theory of value must be abandoned. Bawerk also attacks Marx for downplaying the influence of supply and demand in determining permanent price, and for deliberate ambiguity with such concepts. "Karl Marx and the Close of His System"