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
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
country war recovery
The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness.
thinking people promise
I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.
children believe analysis
Many children are taught to believe in God. I came to believe in the power of systems analysis.
girl world may
Investment in girls' education may well be the highest-return investment available in the developing world.
inspiring risk economic
Deflation and secular stagnation are the risks of our time.
morning usa new-day
It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
should-have yesterday done
Most investors want to do today what they should have done yesterday.
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.
law engineering economics
Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.
mean thinking interesting
When I look out the window at my backyard, I can't think of anything interesting to ask. I mean, it's green, it's growing-but nothing occurs to me that any concentrated effort of thought could possibly enlighten. Whereas in economic, statistical, or mathematical kinds of things, I can think lots of questions.
thinking things-in-life thumbs
A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.