tag:blogger.com,1999:blog-4900303239154048192.post7235074612964830175..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Summers and the StreetUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-26776084476242397412009-04-07T15:12:00.000-04:002009-04-07T15:12:00.000-04:00media,Summers actually did some interesting stuff ...media,<BR/><BR/>Summers actually did some interesting stuff before he got involved with public policy positions after 1990, starting at the World Bank. The work on hysteresis dates to the late 1980s and was quite good. His best work was probably that on speculative bubbles, coauthored with Brad DeLong, Robert Waldmann (who is one of the angry bears), and the thoroughly execrable and corrupt Andrei Shleifer, his student.<BR/><BR/>Clearly in terms of money, he has done very well by playing with the hedge funds and speaking engagements, although he does retain his professorship of economics officially at Harvard. In that regard, he chose to have his cake and eat it too.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-14118086902247858822009-04-07T11:40:00.000-04:002009-04-07T11:40:00.000-04:00Closer to home, he, along with Rubin and Greenspan...Closer to home, he, along with Rubin and Greenspan, ran interference for Gramm's bill barring regualtion of credit default swaps, telling wavering congress-people that failure to pass the bill would cause a depression!kevin quinnhttps://www.blogger.com/profile/04880872194080353414noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-18122178042467829602009-04-07T11:28:00.000-04:002009-04-07T11:28:00.000-04:00i did notice on his ideas page that he had a paper...i did notice on his ideas page that he had a paper on 'hysterisis' which is not free, and that is a 'nonlinear' kind of argument which is fairly heterodox. most of his stuff looks 'data driven' (though such data have been questioned). he did apparently argue that welfare and unemployment benefits undermine employment figures, which is the standard right wing view. he also has a paper arguing against Lucas' real business cycle, which you might expect (UC vs HU).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-20057627554807348092009-04-06T13:09:00.000-04:002009-04-06T13:09:00.000-04:00Compare Summers with Henry Kissenger when he had t...Compare Summers with Henry Kissenger when he had to decide whether to return to Harvard to retain tenure. Does the word celebrity come to mind? "How're yur gonna keep 'em down on the academic farm After they've seen DC?" Henry cut the cord and didn't "hedge" his bet.Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.com