Economist:Larry Summers: Difference between revisions
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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