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World Thinkers 2014: Lawrence Summers

Economist, US

By Prospect Team  

The Former US Treasury Secretary ignited a wide-ranging debate about “secular stagnation” in the US economy with a speech in November 2013. Summers also served as the director of the National Economic Council for President Obama until November 2011, and was a key architect of the US’s fiscal stimulus programme. Despite being the favourite to succeed Ben S Bernanke as the chair of the Federal Reserve, Summers withdrew his nomination last year, after several Democratic senators made it clear they opposed his candidacy due to his history of financial de-regulation.

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