How Franz Kafka Accounted for the IMF (Մաս 1-ին)
The role of Franz Kafka as a dominant force in today's international financial system has been recognized only by inference but has never been properly investigated.
Many people find it hard enough to think about Kafka, and totally impossible to think about that forbidding figure and the International Monetary Fund simultaneously.
Many people find it hard enough to think about Kafka, and totally impossible to think about that forbidding figure and the International Monetary Fund simultaneously.
So when dozens of us received a news release from the IMF headed "Executive Board Praises Kafka's Distinguished Record of Service" all but the most resolute logged out, switched off and ran away. One Nobel economics laureate I questioned described the coupling as "a nightmare scenario struck by a neutron bomb". I, however, pursued the matter and this is what I found.
Franz Kafka made the IMF what it is today. I discovered this because of a hitherto overlooked note in the diary of John Maynard Keynes where he said that he and Harry Dexter White arrived at Bretton Woods in 1944 with copies of Kafka's The Condition in their briefcases.
This book has unaccountably, or perhaps not so unaccountably, disappeared and inquiries about it are always met with studied ignorance. But fragments of the original manuscript have been in my family's possession since great uncle William managed to win Kafka's wallet at a game of skat at the Three Ostrichers in Prague's old town in 1920.
But first a bit of background. Kafka, as is well known, had been an employee of the Workers' Accident Insurance Institute (WAII) in Prague. That is where the great Czech novelist gained so much of the experience, which later illuminated his life and work.
The WAII had a unique organizational system for its time but much was later to be replicated in the IMF's articles of agreement. Look at section two of Article XII: "The board of governors may by regulation establish a procedure whereby the executive board, when it deems such action to be in the best interests of the Fund, may obtain a vote of the governors on a specific question without calling a meeting of the board."
This reflects a world Kafka knew well: the WAII also expected its governors to vote without meetings being called, or even without the governors being told a vote was taking place.
Now let us also look at the opening of the first chapter of The Condition:
Somebody had been taking Finmin's money, for he woke up one morning without having known his account was empty. The bank official who looked after the money had not told him and had himself disappeared.

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