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Lawrence Summers

Lawrence Summers

Charles W. Eliot University Professor

Member of the Board, Belfer Center for Science and International Affairs

Contact:
Website: http://ksghome.harvard.edu/~lsummer/
Publications: http://ksghome.harvard.edu/~lsummer/publications.htm

 

 

By Date

 

2012 (continued)

AP Photo/Tony Dejak

January 20, 2012

"What You (Really) Need to Know"

Op-Ed, New York Times

By Lawrence Summers, Charles W. Eliot University Professor

A PARADOX of American higher education is this: The expectations of leading universities do much to define what secondary schools teach, and much to establish a template for what it means to be an educated man or woman. College campuses are seen as the source for the newest thinking and for the generation of new ideas, as society’s cutting edge.

 

 

January 23, 2012

"The key to recovery: Boosting business confidence"

Op-Ed, Washington Post

By Lawrence Summers, Charles W. Eliot University Professor

"In today’s economic environment, optimism is associated with a rise in both interest rates and stock prices as the expectation is for more profits and demand for funds," writes Lawrence Summers.

 

2011

AP Photo/Virginia Mayo

December 9, 2011

"Time for the IMF to step forward"

Op-Ed, Washington Post

By Lawrence Summers, Charles W. Eliot University Professor

European leaders will meet Friday for yet another “historic” summit at which the fate of Europe is said to hang in the balance. Yet it is clear that this will not be the last one convened to deal with the financial crisis.

 

 

Newscast Limited via AP Images

November 20, 2011

"We have to do better on inequality"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

The principal problem facing the US and Europe for the next few years is an output shortfall caused by a lack of demand. Nothing would increase the incomes of all citizens – poor, middle-class and rich – as much as an increase in demand and associated increases in incomes, living standards and confidence in institutions and the future.

 

 

(AP Photo/Lionel Bonaventure, Pool)

November 3, 2011

"Five grim and essential lessons for world leaders"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

"Leaders of the Group of 20 big industrial and developing countries first convened almost three years ago to address the financial crisis. As now, there were deep doubts about the financial fundamentals of a major economy. As now, authorities were struggling to bring Main Street the financial stability it needed, without going too far beyond what it wanted. As now, the immediate task was to contain financial panic and the deeper challenge was to lay a foundation for renewed and inclusive prosperity."

 

 

AP Photo

October 24, 2011

"How to Stabilize the Housing Market"

Op-Ed, Washington Post

By Lawrence Summers, Charles W. Eliot University Professor

The central irony of a financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending, it can be resolved only with more confidence, borrowing and lending, and spending. This is true, above all, of housing policies. Fannie Mae and Freddie Mac, government-sponsored enterprises (GSEs) whose purpose is to mitigate cyclicality in housing and that today dominate the mortgage market, have become a textbook case of disastrous and pro-cyclical policy.

 

 

(AP Photo/Christian Lutz)

September 19, 2011

"The World Must Insist That Europe Act"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

In his celebrated essay “The Quagmire Myth and the Stalemate Machine”, published in 1972, Daniel Ellsberg drew out the lesson regarding the Vietnam war that came out of the 8,000 pages of the Pentagon Papers, which he had secretly copied a few years earlier. It was simply this: policymakers acted without illusion. At every juncture they made the minimum commitments necessary to avoid imminent disaster – offering optimistic rhetoric, but never taking the steps that even they believed could offer the prospect of decisive victory.

 

 

July 14, 2011

"Time is of the essence, any US budget deal will do"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

Lawrence Summers weighs in as debt negotiators square off in Congress. He argues that given the current weakness of the U.S. economy what is most important is that any budget deal be pushed forward as soon as possible.

 

 

(AP Photo/David Zalubowski)

June 13, 2011

"How to avoid a lost decade"

Op-Ed, Washington Post

By Lawrence Summers, Charles W. Eliot University Professor

Even with the massive 2008-09 policy effort that prevented financial collapse and depression,writes Summers, the United States is now halfway to a lost economic decade.

 

2010

AP Photo

June 23, 2010

"Our Agenda for the G-20"

Op-Ed, Wall Street Journal

By Lawrence Summers, Charles W. Eliot University Professor and Timothy Geithner

The G-20 summit in Toronto, Canada provides an important opportunity to focus on the policies required to reinforce growth," write Lawrence Summers and Timothy Geithner. " Engagement with the G-20 has been a key component of the administration's strategy to defuse the global financial crisis and ensure economic recovery."

 

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