János Kornai János Kornai János Kornai, until 1945 János Kornhauser, (born 21 January 1928) is a Hungarian economist noted for his analysis and criticism of the command economies of Eastern European communist states. Kornai studied philosophy for two years at the Pázmány Péter University (now called Eötvös Loránd University) in Budapest. He gained his knowledge in economics on his own, and holds a candidate degree in the field from the Hungarian Academy of Sciences. He wrote that he chose to become an economist after reading Marx's "Das Kapital". He started working on "Szabad Nép," the Hungarian Communist Party newspaper, and rose to
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