Economics wealth (capital) and a constant population size. Marxist (later, Marxian) economics descends from classical economics. It derives from the work of Karl Marx. The first volume of Marx's major work, "Das Kapital", was published in German in 1867. In it, Marx focused on the labour theory of value and the theory of surplus value which, he believed, explained the exploitation of labour by capital. The labour theory of value held that the value of an exchanged commodity was determined by the labour that went into its production and the theory of surplus value demonstrated how the workers only got paid
Karl Marx Library Karl Marx Library The Karl Marx Library is a topically-organized series of original translations and biographical commentaries edited by historian and Karl Marx scholar Saul K. Padover (1905-1981) and published by academic publisher McGraw-Hill Books. Originally projected as a 13 volume series at the time of its launch in 1971, ultimately only 7 volumes found print prior to Padover's death, supplemented by a biography and an unnumbered volume of selected correspondence. The scholarly utility of the series was severely undermined by the 1975 launch of the 50 volume "Marx-Engels Collected Works" project jointly published by Progress Publishers of Moscow, International