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Lawrence Summers

American economist and government official (born 1954) · United States · Academics

Lawrence Summers is read about 592 times a day, in 33 languages.

Counted to 16 September 2026, not since.

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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.

A life in dates

2025“We know the first rule of holes is stop digging. We are in a hole that we have made. If we stop digging, the situation is less serious than if we continue to dig.”In their words14 April 2025"Larry Summers on Trump: 'The First Rule of Holes Is Stop Digging'" The New York Times (April 14, 2025)

2011Global Economy PrizeAward2009Adam Smith AwardAward2007Honorary Doctor of Harvard UniversityAward2005“I know that there is one additional thing that I've learned and that is that what Harvard does and says has an enormous resonance that goes beyond Zip code 02138.”In their words15 April 2005Philip Kennicott (April 15, 2005) "The Man in The Ivory Tower - Harvard's Lawrence Summers Is a Study in Controversy" The Washington Post,

2000Golden Plate AwardAward1999“The situation in a number of countries reminds one that it's still a risky world out there in the emerging markets.”In their words16 April 1999Michael M. Phillips, The Wall Street Journal (April 16, 1999) "Global Economic Crisis In Its Last Days", Pittsburgh Post-Gazette, p. C-1.

1998“No free country will ever again have anything like the 90 percent tax rates that we had in this country.”In their words5 April 1998David Wessel, The Wall Street Journal (April 5, 1998) "Rich now pay more in taxes", Mobile Register, p. F1.

1993John Bates Clark MedalAward1991“I think the economic logic behind dumping a load of toxic waste in the lowest-wage country is impeccable and we should face up to that. . . .”In their words12 December 1991confidential World Bank memo (December 12, 1991).

1987Alan T. Waterman AwardAwardFellow of the American Academy of Arts and SciencesAward1986“The country will not have to pay the piper.”In their words20 April 1986Lawrence Summers in: David Warsh (April 20, 1986) "Stockman's Timing Was Never Worse", Boston Globe, p. A1.

1985Fellow of the Econometric SocietyAward1954Born30 November 1954

Also in Deutsch

Photos 5

Summers in 1990Summers in 1990Summers as United States Secretary of the TreasurySummers as United States Secretary of the TreasuryPresident Barack Obama, on left, discusses with a group in the White House, including Larry Summers on far right (back to camera).President Barack Obama, on left, discusses with a group in the White House, including Larry Summers on far right (back to camera).Summers with Volodymyr Groysman in UkraineSummers with Volodymyr Groysman in Ukraine

In their own words 10

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Lawrence Summers
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10 statements, newest first

  1. We know the first rule of holes is stop digging. We are in a hole that we have made. If we stop digging, the situation is less serious than if we continue to dig.

    Apr 14, 2025, "Larry Summers on Trump: 'The First Rule of Holes Is Stop Digging'" The New York Times (April 14, 2025), Own words

  2. With uncertainty in oil markets, a buildup of speculative pressures and the large U.S.

    May 31, 2006, David Ignatius (May 31, 2006) "Watching the Yellow Flags", The Washington Post, p. A19., Own words

  3. I know that there is one additional thing that I've learned and that is that what Harvard does and says has an enormous resonance that goes beyond Zip code 02138.

    Apr 15, 2005, Philip Kennicott (April 15, 2005) "The Man in The Ivory Tower - Harvard's Lawrence Summers Is a Study in Controversy" The Washington Post,, Own words

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Awards

Global Economy Prize2011
Adam Smith Award2009
Honorary Doctor of Harvard University2007
Golden Plate Award2000
John Bates Clark Medal1993
Alan T. Waterman Award1987
Fellow of the American Academy of Arts and Sciences1987
Fellow of the Econometric Society1985

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About this person

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.

Country
United States
Category
Academics
Type
Academic
Status
living
Dates
Born 1954 · age 71

In common with Lawrence

Edward WittenBoth received Alan T. Waterman AwardLawrence KleinBoth received John Bates Clark MedalGabriel ZucmanBoth received John Bates Clark MedalRichard AxelBoth received Alan T. Waterman AwardWilliam ThurstonBoth received Alan T. Waterman AwardGary S. BeckerBoth received John Bates Clark Medal

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