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
Nikolai Danielson in radical political circles and took interest in one of the populist "narodnik" movement. In 1872, Danielson published the first Russian translation of volume 1 of "Das Kapital" by Karl Marx. The translation had been initiated by Mikhail Bakunin before Bakunin's break with Marx and had been continued by German Lopatin. While completing the translation, Danielson initiated a correspondence with Karl Marx and Friedrich Engels, which continued for the rest of their lives. Danielson also translated volumes 2 and 3 of "Das Kapital", which were published in 1885 and 1896. In 1880 Danielson published the article "Studies of Our Post-Reform