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The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying.

"Chomsky: "The Business Elites... Are Instinctive Marxists"". Interview with Keane Bhatt, truth-out.org. November 19, 2010.
The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying.