Economist:Larry Summers
Larry Summers
Biography
American economist, former US Treasury Secretary and President of Harvard University.
School of Thought
New Keynesian Economics
Notable Quotes
On Productivity Paradox in Digital Age
"We may be in a period of secular stagnation where saving chronically exceeds investment."[1]
On Human Capital in Age of AI
"AI will be the most important general-purpose technology of our era."[2]
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."[2]
On Deflation and Central Banking
"We may have to get used to negative real interest rates."[3]
On Universal Basic Income and AI
"Universal basic income is a surrender to the robots."[4]
References
- ↑ 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