The Communist Manifesto and non-socialist trade unions. Marx himself, later in his life, acknowledged that the middle-class was not disappearing in his work "Theories of Surplus Value" (1863). The obscurity of the later work means that Marx's acknowledgement of this error is not well known. George Boyer described the "Manifesto" as "very much a period piece, a document of what was called the 'hungry' 1840s." Many have drawn attention to the passage in the "Manifesto" that seems to sneer at the stupidity of the rustic: "The bourgeoisie ... draws all nations ... into civilisation ... It has created enormous cities ... and thus
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