Economist:Larry Summers: Difference between revisions
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=== On Productivity Paradox in Digital Age === | === On Productivity Paradox in Digital Age === | ||
"We may be in a period of secular stagnation where saving chronically exceeds investment."<ref name="ref_2013_1">Larry Summers, ''IMF Economic Forum'' (2013)</ref> | |||
=== On Human Capital in Age of AI === | === On Human Capital in Age of AI === | ||
"AI will be the most important general-purpose technology of our era."<ref name="ref_2023_1">Larry Summers, ''Bloomberg Interview'' (2023)</ref> | |||
=== On AI Governance and Regulation === | |||
"The central economic issue of our time is the disparity between the rapid pace of technological change and the slow pace of institutional adaptation."<ref name="ref_2023_1">Larry Summers, ''Peterson Institute Speech'' (2023), September 14, 2023</ref> | |||
=== On Deflation and Central Banking === | |||
"We may have to get used to negative real interest rates."<ref name="ref_2019_1">Larry Summers, ''Financial Times'' (2019), June 4, 2019, "The Global Economy's Slow-Motion Crisis"</ref> | |||
=== On Universal Basic Income and AI === | |||
"Universal basic income is a surrender to the robots."<ref name="ref_2020_1">Larry Summers, ''Peterson Institute Debate'' (2020), February 13, 2020</ref> | |||
== References == | |||
<references /> | |||
[[Category:Economist]] | [[Category:Economist]] | ||
[[Category:New Keynesian Economics]] | [[Category:New Keynesian Economics]] | ||
Latest revision as of 21:04, 12 August 2025
Larry Summers[edit]
Biography[edit]
American economist, former US Treasury Secretary and President of Harvard University.
School of Thought[edit]
New Keynesian Economics
Notable Quotes[edit]
On Productivity Paradox in Digital Age[edit]
"We may be in a period of secular stagnation where saving chronically exceeds investment."[1]
On Human Capital in Age of AI[edit]
"AI will be the most important general-purpose technology of our era."[2]
On AI Governance and Regulation[edit]
"The central economic issue of our time is the disparity between the rapid pace of technological change and the slow pace of institutional adaptation."[2]
On Deflation and Central Banking[edit]
"We may have to get used to negative real interest rates."[3]
On Universal Basic Income and AI[edit]
"Universal basic income is a surrender to the robots."[4]
References[edit]
- ↑ Larry Summers, IMF Economic Forum (2013)
- ↑ 2.0 2.1 Larry Summers, Bloomberg Interview (2023) Cite error: Invalid
<ref>tag; name "ref_2023_1" defined multiple times with different content - ↑ Larry Summers, Financial Times (2019), June 4, 2019, "The Global Economy's Slow-Motion Crisis"
- ↑ Larry Summers, Peterson Institute Debate (2020), February 13, 2020