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Lawrence H. Summers has been appointed director of the National Economic Council by US president-elect Barack Obama. He is currently the Charles W. Eliot University Professor at Harvard University. He served as 27th president of Harvard from July 2001 until June 2006. Mr Summers has served in a series of senior public policy positions, including political economist for the President’s Council of Economic Advisers, chief economist of the World Bank, and secretary of the treasury of the United States. In 1993 he received the John Bates Clark Medal, given every two years to the outstanding American economist under the age of 40. Mr Summers received his BS from MIT and his PhD in economics from Harvard.
Fifty of the world’s leading economists discuss Lawrence Summers and Martin Wolf’s columns in a special forum. Read the Economists’ forum. - -
The pendulum swings towards regulation
There will be an enhanced role for government in saving the system from its excesses and inadequacies but policymakers need to be attentive to potential government flaws, says Lawrence Summers
The $700bn bail-out and the budget
The idea has taken hold that the US will have to scale back its aspirations in areas such as healthcare. This is more wrong than right, says Lawrence Summers
The global consensus on trade is unravelling
The success of the next administration could depend on its ability to engage with a wider range of global economic stakeholders, says Lawrence Summers
The way forward for Fannie and Freddie
The choices made in the coming months will bear on the housing market, future taxpayers and the integrity of the political system, says Lawrence Summers
