Value, Price and Profit' was a speech given to the First International Working Men's Association in June in 1865 by Karl Marx. It was written between the end of May and June 27 in 1865, and was published in 1898. Those wanted to avoid reading the entirety of Capital Volume 1 will find an excellent introduction to Marx's ideas in this short publication. Karl Marx (1818 – 1883) was a philosopher, economist, sociologist, journalist with the New York Daily Tribune, and revolutionary socialist who championed labour unions.