"Summers’s outlook on economic policy can be summarized by the remark that he gave me some years ago: "If I had your views on economics, I would find another profession." He meant that if free markets usually worked well and the government ought usually to stay out, then he would find economics to be an uninteresting occupation. Fortunately for Summers, he has always believed in the potential benefits from governmental activism, although the strength of this belief may have diminished over time."
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Jews from the United StatesUnited States federal government officialsPeople from New HavenEconomists from the United StatesUnited States Secretaries of the Treasury
Original Language: English
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Sources
Robert Barro, Nothing is Sacred (2002), p. 33
https://en.wikiquote.org/wiki/Lawrence_Summers
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Lawrence Summers
1999 – 2001
Lawrence Henry "Larry" Summers (born November 30, 1954) is an American economist, who was Vice President of Development Economics and Chief Economist of the World Bank (1991–93), senior U.S. Treasury Department official throughout President Clinton's administration (ultimately Treasury Secretary, 1999–2001), and director of the National Economic Council for President Obama (2009–2010). He was president of Harvard University (2001–2006), where he served as a professor and director of the Mossavar
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