…I know Tobin/DeLong-Summers on destabilizing price flexibility. But still.) For something on that scale, I find multiple-equilibrium models like Diamond (1982) or Benhabib-Farmer (1994) much more appealing intuitively. [4] But…

…wrong about health care? At this point, the list of Obama Administration Unforced Errors—Summers, Geithner, John Walsh, lack of nominations, etc.; see here—is so long I would be willing to…

For Mother’s Day, as it were, xkcd presents The Lawrence H. Summers Memorial History of Math and Science. Buce at Underbelly does this, probably saving me the trouble of a…

…should be decreasing compared to GDP. But it isn’t (point of an informal debate Krugman had at NBER in 1988 with Summers when Krugman said “zero isn’t an especially important…

…became a matter of policy in the Rubin/Summers Treasury Department. Although the danger of destabilizing “hot money” inflows has been well recognized since the Asian crisis of 1997, the thrust…

…perfectly fine with the Summers/Geithner “Rubinites“-with-Obama crowd. *I’m still trying to figure out if Andy Harless is on Sumner’s side or playing both sides against a middle that may not…

…of the Wall Street clique (Geithner, Summers and Bernancke) with the forceful Warren on the job with the ear of the President. Personally, I think that power needs to be…

…compensation (“heads I win, tails the taxpayer loses”). This stands in marked contrast to America’s feckless triumvirate of Tim Geithner, Lawrence Summers, and Ben Bernanke, none of whom appears to…

…economic legacy of Clinton (Rubin, Rivlin, Summers, etc.) to put people first and make the arguments needed to help Americans understand that democratic capitalism cannot be sustained under the corporatist…

…1990s. Then Secretary of the Treasury Robert Rubin, his Deputy, Lawrence Summers, and their lieutenants saw the crisis as the perfect opportunity to destroy this model once and for all,…