Reserve army of labour army of labour in Marx's writing occurs in a manuscript he wrote in 1847, but did not publish: The idea of the labour force as an "army" occurs also in Part 1 of "The Communist Manifesto", written by Marx and Engels in 1848: Marx introduces the concept of the reserve army of labour in chapter 25 of the first volume of "", twenty years later in 1867, stating the following: His argument is that as capitalism develops, the organic composition of capital will increase, which means that the mass of constant capital grows faster than the mass of variable capital.
Financial Modelers' Manifesto 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 Business Week in December 2008 with the complete version appearing shortly afterwards; the full text is available here. Note that both authors had written