History of economic thought died, Engels completed the second volume of "Das Kapital" from his notes. Marx wrote his magnum opus "Das Kapital" (1867) at the British Museum's library in London. Karl Marx begins with the concept of commodities. Before capitalism, says Marx, production was based on slavery – in ancient Rome for example – then serfdom in the feudal societies of medieval Europe. The current mode of labor exchange has produced an erratic and unstable situation allowing the conditions for revolution. People buy and sell their labor as people buy and sell goods and services. People themselves have become disposable commodities. As Marx
The Communist Manifesto of the spectre of communism with a manifesto of the party itself". The first section of the "Manifesto", "Bourgeois and Proletarians", elucidates the materialist conception of history, that "the history of all hitherto existing society is the history of class struggles". Societies have always taken the form of an oppressed majority exploited under the yoke of an oppressive minority. In capitalism, the industrial working class, or "proletariat", engage in class struggle against the owners of the means of production, the "bourgeoisie". As before, this struggle will end in a revolution that restructures society, or the "common ruin of the contending