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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (35314)	7/30/2002 11:38:12 AM
From: JohnM	Respond to of 281500

Just been reading the Friedman review of the Stiglitz book on the IMF, . . . Have you read the book? Is the review a reasonable summary of the arguments? No, I meant to do so and got side tracked, but willingly so. I checked out Stiglitz and Huntington at the same time, with the anticipation I would read S and skim H, just enough to confirm my suspicions about H. Instead, I found myself intrigued with H and bored by S. As to whether Friedman's summaries are good, I would expect they would be almost letter perfect, though Stiglitz might disagree. Will need to wait for the letters in subsequent editions. However, F seems, as I said, so committed to even handedness, he almost gives it a bad name. So I would gather a good, if inelegant summary. As for your point about state action, I gather S argues that one should not always dismiss it, which is the IMF fallacy. Whether he makes a more positive argument, one should always include the state, that I don't know but doubt.