Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
Lawrence Summers quotes about
ideas different should
The idea that we should be open to all ideas, is very different from the supposition that all ideas are equally valid.
banking-crisis america people
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises
availability individual insulation
The availability of private insurance provides tremendous insulation for millions of individuals
would-be shapes landscape
It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century
jobs children would-be
There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs
powerful views hands
What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the [un]hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.
dawn sometimes
In politics, as in poetry, it is sometimes true that it is darkest before dawn.
government cash situation
You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.
greek financial blame
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
globalization contagion phenomenon
Contagion has become very much a phenomenon, and it's a phenomenon of globalization.
ideas innovation important
If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.
jet-planes kind problem
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
optimistic people earning
Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.
challenges firsts united-states
The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.