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1,447 result(s) for "Summers, Larry"
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Larry Summers addresses Epstein ties in class
Former treasury secretary Larry Summers addressed his recently released emails with Jeffrey Epstein during a Harvard University class on Nov. 18.
U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound
The nature of macroeconomics has changed dramatically in the last seven years. Now, instead of being concerned with minor adjustments to stabilize about a given trend, concern is focused on avoiding secular stagnation. Much of this concern arises from the longrun effects of short-run developments and the inability of monetary policy to accomplish much more when interest rates have already reached their lower bound. This address analyzes contemporary macroeconomic problems and proposes solutions to put the U.S. economy back on a path toward healthy growth.
An Origin Story for Feminist Science Studies
Christa Kuljian’s Our Science, Ourselves chronicles the life histories of seven trailblazing women whose work, activism, and ferocity forms an originary node for feminist science studies. These figures formed a powerful network in the Boston area from the 1970s to the 1990s. Inspired by the women’s movement and organizations such as Science for the People and the Combahee River Collective, they led critical analyses of gender and racial biases in science. Their work famously challenged E.O. Wilson’s sociobiology in 1975 and Larry Summers’s comments about women in science in 2005. Drawing on extensive research, Kuljian celebrates how these women profoundly shaped our collective scientific knowledge and view of the world. I met Kuljian after she gave a talk at the STS colloquium series at Brown University in March 2025, and we subsequently connected for this interview.
Stakeholder capitalism against democracy: Relegitimising global neoliberalism
In July 2020, former US Vice President and then-Democratic presidential nominee, Joe Biden, proposed to 'put an end to the era of shareholder capitalism - the idea that the only responsibility a corporation has is to its shareholders' (Biden 2020). In doing so, he seemingly rejected a core axiom of neoliberalism as it has unfolded over the last four decades: namely, Milton Friedman's idea that 'the social responsibility of business is to increase its profits' (Friedman 1970). With this pronouncement, Biden aligned himself to the Business Roundtable's earlier statement redefining the purpose of a corporation as promoting 'an economy that serves all Americans' rather than just shareholders (BRT 2019, 2020). It is, thus, likely that 'a Biden Administration will be supportive of measures that convert the Business Roundtable's central themes of stakeholder capitalism into law and regulation' (Peregrine 2020). Drawing on a larger case study of Unilever – an Anglo-Dutch global consumer goods firm occupying a central place within the stakeholder capitalism ‘movement’ – this article argues that ‘stakeholder capitalism’ presents an autocritique of neoliberal ideology only to buttress class forces and institutions in the vanguard of global neoliberal restructuring.
Austrian Macroeconomics in Search of Its Uniqueness
We consider the essential features of an Austrian macroeconomic model and then ask whether these features are unique. We argue that the temporal aspect of the structure of production is not an essential feature. Malinvestments in any dimension (e.g., time, geography, type, etc.) can generate the predicted boom-bust cycle so long as there are costs to reallocation. However, the view that nominal shocks have long-term consequences because costs are incurred to remedy past mistakes is not uniquely Austrian. In particular, we note similarities with the New Keynesian notion of hysteresis.