

His Das Kapital came out in three volumes (1867, 18). Marx worked as foreign correspondent for several U.S. After the failed revolution of 1848 in Germany, in which Marx participated, he eventually wound up in London. He and Engels founded the Communist League in 1847 and published the Communist Manifesto. After being expelled from France at the urging of the Prussian government, which "banished" Marx in absentia, Marx studied economics in Brussels. Educated at the Universities of Bonn, Jena, and Berlin, Marx founded the Socialist newspaper Vorwärts! in 1844 in Paris.

His father, born Jewish, converted to Protestantism shortly before Karl's birth in response to a prohibition newly introduced into the Rhineland by the Prussian Kingdom on Jews practicing law.

Marx was born in Trier, a city then in the Kingdom of Prussia's Province of the Lower Rhine. (University of Jena, 1841) was a social scientist who was a key contributor to the development of Communist theory. This result, which orthodox Marxists believe is a principal contradictory characteristic leading to an inevitable collapse of the capitalist order, was held, as a result of various contradictions in the capitalist mode of production, result in crises whose resolution necessitates the emergence of an entirely new mode of production as the culmination of the same historical dialectic that led to the emergence of capitalism from prior forms. The work is best known today for part 3, which in summary says that as the organic fixed capital requirements of production rise as a result of advancements in production generally, the rate of profit tends to fall. It's in seven parts:ġ.The conversion of Surplus Value into Profit & the rate of Surplus Value into the rate of ProfitĢ.Conversion of Profit into Average Profitģ.The Law of the Tendency of the Rate of Profit to FallĤ.Conversion of Commodity Capital & Money Capital into Commercial Capital & Money-Dealing (Merchant's) Capitalĥ.Division of Profit Into Interest & Profit of Enterprise, Interest Bearing CapitalĦ.Transformation of Surplus-Profit into Ground Rent Capital, Vol 3, subtitled The Process of Capitalist Production as a Whole, was prepared by Friedrich Engels from notes left by Marx & published in 1894.
