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Lawrence Summers Quotes


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Lawrence Summers
November 30, 1954 -
Nationality: American
Category: Economist
Subcategory: American Economist

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 it.

   

But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place.

   

It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.

   

I've always thought that underpopulated countries in Africa are vastly underpolluted.

   

There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs.

   

Contagion has become very much a phenomenon, and it's a phenomenon of globalization.

   

In the history of the world, no one has ever washed a rented car.

   

The availability of private insurance provides tremendous insulation for millions of individuals.

   

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.

   

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