Larry Summers
Larry Summers is one of America’s greatest economists. He has played a major role in solving every major financial crisis for the last two decades. He has been acknowledged as one of the world’s most influential thinkers by Time, Prospect, Foreign Policy, and The Economist magazine, among many others. In his speeches, regular newspaper columns, and public commentary, Summers continues to advance the debate on global and national economic policy.
Larry Summers Professional Experience / Academic History
Professional Experience
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Charles W. Eliot University Professor
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President Emeritus
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Secretary of the Treasury
Academic History
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Ph.D.
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Bachelor of Science
- Having served as the 71st Secretary of the Treasury in the Clinton Administration, his tenure coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half-century to have left office with the national budget in surplus.
- In 1983, he became one of the youngest individuals in recent history to be named as a tenured member of the Harvard University faculty.
- As former President of Harvard University, his five years of leadership represented a time of major innovation for the university. He focused on equality of opportunity and removing all financial obligations from students with family incomes below $60,000 a year.
- He also served as Director of the White House National Economic Council in the Obama Administration, and as the Chief Economist of the World Bank. He launched a major effort to make Boston, and Cambridge in particular, the global leader in life sciences research, with the formation of major programs for stem cell research and genomics.
- In 1987, Mr. Summers became the first social scientist ever to receive the annual Alan T. Waterman Award of the National Science Foundation (NSF) and in 1993, he was awarded the John Bates Clark Medal, given every two years to the outstanding American economist under the age of 40.