In 2015 Stefan Fölster och Dag Detter published their book “The Public Wealth of Nations” showing how countries can vastly improve the social return on public wealth such state owned enterprises and real estate. The book was a “Book of the Year” in the Financial Times and the Economist. It was followed by “The Public Wealth of Cities” in 2017.

Now the IMF has embraced the authors’ conclusions. For one, it has let  Fölster and Detter write in the IMF’s publications.

In addition the IMF has published its  own report along the same lines. The head of the IMF,  Christine Lagarde, is an active proponent of the authors’ proposals.