My Blog

The Future of Aid for Health

November 30th, 2016

In a keynote address on November 30, 2016 at the World Innovation Summit for Health (WISH) in Doha, Qatar, Summers talked about the Future of Aid for Health. Summers said, “I have always believed that economics is a moral science because it is so centrally involved with choices that directly affect human well being.  And cancer at age 30 reinforced for me that no choices centrally affect human well being as those involving health. Economics is defined as ‘the study of the allocation of scarce resources among competing ends.’  Few if any resources allocation choices are as consequencial as those involved with health care. I have become convinced  that even as we fight for increases in global health aid, there is a need for a major reorientation of the global aid for health effort away from financing service delivery in individual countries and towards global priorities.”

Trump’s economic plans could cripple government for a generation

November 22nd, 2016

Listen to The Axe Files, a podcast with David Axelrod, about growing up in a family of renowned economists, what did and did not cause the financial crisis in 2008, and the economic implications of Trump’s policy proposals.

Men without work

October 3rd, 2016

In a Financial Times book review, Summers examines Nicholas Eberstadt’s persuasive and important monograph, Men Without Work. Eberstadt’s book highlights that men in the US are doing considerably worse than men in the rest of the industrial world, where even countries with notoriously sclerotic labour markets and bloated welfare systems such as France, and even Greece, enjoy higher rates of prime age male labour force participation. Summers writes that Eberstadt understates the significance of what he studies by not highlighting the fact that, if current trends continue, a quarter of men between 25 and 54 will be out of work by mid-century.