President Obama’s Leadership in Response to the Financial Crisis
Lawrence H. Summers is President Emeritus of Harvard University, and the former Nathaniel Ropes Professor of Political Economy. Professor Summers also served as Director of the National Economic Council for the Obama Administration and Secretary of the Treasury of the United States. He earlier served as Chief Economist at the World Bank. He is currently the Charles W. Eliot University Professor at Harvard University. Mr. Summers received a bachelor of science degree from the Massachusetts Institute of Technology in 1975 and was awarded a Ph.D. from Harvard in 1982. In 1983, he became one of the youngest individuals in recent history to be named as a tenured member of the Harvard University faculty. In 1987, Mr. Summers became the first social scientist ever to receive the annual Alan T. Waterman Award of the National Science Foundation (NSF) and in 1993, he was awarded the John Bates Clark Medal, given every two years to the outstanding American economist under the age of 40.