Actually it may be the case that there is a kind of reversal between the WB and the IMF on this score. I think one does find more "do-gooders," however naive, deluded, buffoonish, toolish, or even dangerous, at the WB than at the IMF among the staff, where the latter are indeed much more in it for money, power, prestige, etc.
But at the top one is more likely to find a convergence with the top WB people pretty hard-nosed but some of the top IMF people "out to do good," (Stanley Fischer comes to mind), even if we (and I) don't think that is what they have achieved. Barkley Rosser -----Original Message----- From: DANIEL.DAVIES at flemings.com <DANIEL.DAVIES at flemings.com> To: lbo-talk at lists.panix.com <lbo-talk at lists.panix.com> Date: Thursday, May 25, 2000 6:57 AM Subject: Re: Run on the Bank
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>> . . . People who work at the IMF have
>> chosen their jobs in order to DO GOOD. George Soros has chosen his
>> day job to MAKE MONEY... Brad DeLong
>>
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>People at the IMF, in my limited experience, tend to be motivated above all
>by the desire to FEEL IMPORTANT. Do-gooders head for development agencies.
>And I'll second Max's view that another common desire is to do economics,
>but to do so at a salary rather more congenial than you can hope for in
>academica or domestic civil service. Tax free, too . . . . . the IMF has
>some v. smart people, but I think that drawing a principled distinction
>between the typical moral qualities of people like them and people like,
>say, me is akin to settling a point of precedence between a louse and a
>flea.
>
>dd
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