Socialism: Utopian and Scientific of thousands of copies. Throughout the decade of the 1860s, Karl Marx, close personal friend and political associate of Friedrich Engels, dedicated himself to the study of economics, culminating in the publication of the first volume of "Das Kapital" in 1867. Marx's lengthy and ponderous volume was extremely difficult for the average to penetrate, however, leading Engels to suggest to Marx in a letter of September 16, 1868 that a short popularized version of "Das Kapital" for a working class audience was urgently needed. "If it is not written, some Moses or other will come along and do it and
Financial Modelers' Manifesto extensively about the risks related to financial models for several years before the crisis; for example: Emanuel Derman in 1996: Paul Wilmott in 2000: Financial Modelers' Manifesto The Financial Modelers' Manifesto was a proposal for more responsibility in risk management and quantitative finance written by financial engineers Emanuel Derman and Paul Wilmott. The manifesto includes a Modelers' Hippocratic Oath. The structure of the Financial Modelers' Manifesto mirrors that of "The Communist Manifesto" of 1848. The Manifesto and Oath were written in response to the Financial crisis of 2007–2010 with the collapse of subprime mortgages. A shortened version was published in