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Is the IMF getting serious about inequality? Looks like it

November 4, 2010
Is the IMF going socialist? Hardly, but on Monday Dominique Strauss-Kahn, its Managing Director, gave a pretty extraordinary (and welcome) speech, entitled “Human Development and Wealth Distribution”. Here are a few excerpts: “Adam Smith—one of the founders of modern economics—recognized clearly that a poor distribution of wealth could undermine the free market system, noting that: “The disposition to admire, and
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