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,
Circulating capital production. In contrast to fixed capital, it is used up in every cycle (raw materials, basic and intermediate materials, combustible, energy…). In accounting, the circulating capital comes under the heading of current assets. Building on the work of Quesnay and Turgot, Adam Smith (1776) made the first explicit distinction between fixed and circulating capital. In his usage, circulating capital includes wages and labour maintenance, money, and inputs from land, mines, and fisheries associated with production. According to Karl Marx (second volume of Das Kapital, end of chapter 7) the turnover of capital influences "the processes of production and self-expansion", the