One Swallow a Summers Makes

With a brief statement, Larry Summers has just stepped down as President of Harvard (in-house reportage here and here). As the Harvard Crimson put it, this makes him the shortest-serving Harvard president since the Civil War. It’s a pity for the university (I’ve always been a Summers fan), but terrific news for economics. Summers was prolific in his late-20s and early-30s, before he left for Washington. Hopefully he has a few more articles in him yet.

Update, 28/2: In comments, Claire asks me why I’m a Summers fan. Three reasons. First, he pushed through a tuition waiver for poor families going to the College, and guaranteed a Citibank loan for any international grad student (before Summers, only HBS students had this guarantee). Both will ensure many more poor students at Harvard than in the past. Second, I think the Allston development and the changes to the undergrad curriculum are terrifically exciting moves. And third, I always felt that the furore over his comments at the NBER symposium were overblown (Will Saletan penned a couple of nice pieces at the time, here and here).

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4 Responses to One Swallow a Summers Makes

  1. Bring Back EP at LP says:

    Agree,
    He was a brilliant economist.
    given his brilliance in that area he should have never got into adminstration.

    give it to Michael Porter and may his five forces be with him.

  2. You might be interested in the view of anthropologist-of-marketing, and former Harvard Biz-School Professor, Grant McCracken, here:

    http://www.cultureby.com/trilogy/2006/02/i_told_you_so.html

  3. Yobbo says:

    A heroic victory for politically correct leftism!

  4. Claire says:

    Andrew, why precisely are you a Summers fan?

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