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
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.
important asian development
The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.
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
government cash situation
You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.
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.
globalization contagion phenomenon
Contagion has become very much a phenomenon, and it's a phenomenon of globalization.
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.
country between-you-and-me
I have always thought that underpopulated countries in Africa are vastly underpolluted.
country thinking toxic-waste
I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.
strong dangerous-ideas evil
The only antidote to dangerous ideas is strong alternatives vigorously advocated.
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.