“even small differences in the standard deviation [between genders] will translate into very large differences in the available pool substantially out [from the mean]”
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Lawrence Henry Summers is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001, the 27th president of Harvard University from 2001 to 2006, and the eighth director of the National Economic Council from 2009 to 2010. He was the Charles W. Eliot University Professor at Harvard Kennedy School until his resignation in February 2026.
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science · American economist (born 1954) · economist · university teacher · professor · scientist · politician · banker · also Lawrence Summers, Larry Summers, Lawrence H. Summers, Lawrence Henry Summers, Summers
Born 30 November 1954 · Q317953
67 published statements · 0 followers
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“even small differences in the standard deviation [between genders] will translate into very large differences in the available pool substantially out [from the mean]”
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“This historic legislation will better enable American companies to compete in the new economy.”
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Summers announced that he would resign from his professorship at Harvard, as well as from his directorship of the Mossavar-Rahmani Center for Business and Government, at the end of the 2025–2026 academic year due to cont
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The American Economic Association (AEA) imposed a lifetime ban on Summers, prohibiting him from holding membership in the association or participating in any AEA-sponsored events, including attending or speaking at its a
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RealClearMarkets: Why Was Lawrence Summers So In Demand to Begin With?
The American Conservative: After Epstein Revelations, Lawrence Summers to Reduce Public Profile
Summers also ended his role as a paid contributor to Bloomberg News
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Summers agreed to step back from his public commitments such as his role in the advisory group of The Yale Budget Lab, his role in the advisory group of the Hamilton Project (an economics policy arm of the Brookings Inst
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President Trump directed the United States Department of Justice to investigate Epstein's relationship with, among others, Summers
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Revealed frequent email communication between Summers and Epstein from 2017 to 2019
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Summers had also been on the advisory board of SandboxAQ since August 2024; as of 19 November 2025, he was no longer listed as an advisor.
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Following detailed reporting by The Wall Street Journal regarding his many years of fund-raising activities for Harvard University with Jeffrey Epstein
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Claimed: ““When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”” — rated Mostly False by PolitiFact.
Shown as reported and rated by a fact checker, not as an established fact.
Campaign: 2020 presidential election.
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In favor of leaving the European Union as the "worst self-inflicted policy wound that a country has done since the Second World War"
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Remarking upon political correctness in institutions of higher education, Summers said:
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“I believe the risks to the US and global economies of Mr Trump”
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Summers emailed Epstein requesting "small scale philanthropy advice" for his wife's nonprofit, Verse Video Education
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Summers became an early angel investor in India's first car rental company, Zoomcar, which was started by his former Harvard Teaching Fellow
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Summers was Obama's preferred candidate to succeed Ben Bernanke as chair of the Federal Reserve
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Awarded Global Economy Prize (2011).
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In an interview on ABC's This Week program, Clinton said Summers was wrong in the advice he gave him not to regulate derivatives
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Awarded Adam Smith Award (2009).
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Summers came under renewed criticism after it was disclosed that he was paid millions of dollars the previous year by companies which he now had influence over as a public servant
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Summers replied that "there are a lot of terrible things that have happened in the last eighteen months, but what's happened at A
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To serve in the Obama administration, he reported a net worth between $17 million and $39 million
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Career landmark: Director of the National Economic Council (2009–2010).
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Awarded honorary doctor of Harvard University (2007).
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Summers announced his intention to step down at the end of the school year effective June 30, 2006
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As of 2006, Summers resided in Brookline, Massachusetts.
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Members of the Harvard Faculty of Arts and Sciences, which instructs graduate students in Harvard Graduate School of Arts and Sciences and undergraduates in Harvard College, passed 218–185 a motion of "lack of confidence
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A federal judge ruled that while Harvard had violated the contract, Shleifer and his associate alone were liable for treble damages
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During Summers's tenure as president, detailed a reportedly "special connection" between Summers and Jeffrey Epstein
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Summers met then-Harvard College English professor Elisa New; they married in December 2005 at Elmwood and spent their honeymoon on Little Saint James
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Career landmark: President of Harvard University (2001–2006).
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Won Golden Plate Award (2000).
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Succeeded Rubin as Secretary of the Treasury
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Summers endorsed the Gramm–Leach–Bliley Act which removed the separation between investment and commercial banks, saying "With this bill, the American financial system takes a major step forward towards the 21st Century
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Succeeded Robert Rubin as Secretary of the Treasury
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Which lifted more than six decades of restrictions against banks offering commercial banking, insurance, and investment services (by repealing key provisions in the 1933 Glass–Steagall Act): "Today Congress voted to upda
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“to date there has been no clear evidence of a need for additional regulation of the institutional OTC derivatives market, and we would submit that proponents of such regulation must bear the burden of demonstrating that need.”
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Summers listed assets of about $900,000 and debts, including a mortgage, of $500,000
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Career landmark: United States Secretary of the Treasury (1999–2001).
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Then-Deputy Secretary of the Treasury Summers testified before the U
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The United States Commodity Futures Trading Commission (CFTC) issued a Concept Release soliciting input from regulators, academics, and practitioners to determine "how best to maintain adequate regulatory safeguards with
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When Summers was United States Deputy Secretary of the Treasury and at least three times while Harvard president
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Career landmark: United States Deputy Secretary of the Treasury (1995–1999).
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Was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin
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“Things take longer to happen than you think they will and then they happen faster than you think they will.”
Won John Bates Clark Medal (1993).
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Summers was appointed Undersecretary for International Affairs and later in the United States Department of the Treasury under the Clinton Administration
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Summers was appointed Under Secretary for International Affairs of the United States Department of the Treasury under President Bill Clinton's administration
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Career landmark: Chief Economist of the World Bank (1991–1993).
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Working as the chief economist of the World Bank from 1991 to 1993
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As the World Bank's Vice President of Development Economics and Chief Economist
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And served as the Vice President of Development Economics and Chief Economist for the World Bank until 1993
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Awarded Fellow of the American Academy of Arts and Sciences (1987).
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Awarded Alan T. Waterman Award (1987).
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Was the first social scientist to win the Alan T
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Awarded Fellow of the Econometric Society (1985).
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And had three children together, twin girls and a son
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At age 28, Summers became one of the youngest tenured professors in Harvard's history
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Summers was diagnosed with late-stage Hodgkin's lymphoma in 1983, shortly after becoming a tenured professor at Harvard; he underwent nine months of chemotherapy treatment and has remained cancer-free.
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Shortly after becoming a tenured professor at Harvard; he underwent nine months of chemotherapy treatment and has remained cancer-free
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Studied at Harvard University, Doctor of Philosophy (1982).
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Studied at Massachusetts Institute of Technology, Bachelor of Science (1975).
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Born 1954-11-30.
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