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.
IFD Kapital Group The holding company 'Group Kapital Asset Management' CJSC was the second largest Russian asset management firm with over 230 billion rubles of assets in management,as of September 30, 2012 per company website. It comprises three companies, namely Kapital Asset Management Company LLC, Kapital Asset Management joint stock company (JSC) and Management Company Kapital Mutual Funds LLC. The holding is headed by Sergei Mikhailov, a member of the Board of Directors with numerous connections. The holding totaled assets of RUR 132.7 billion as of March 31, 2013. In November 2013 Bloomberg News reported IFD Kapital was planning to sell the holding