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Microsoft chairman, Bill Gates (R) stands up to receive his honorary degree from Harvard during the 2007 Harvard University Commencement Exercises in Cambridge, Massachusetts on June 7, 2007. Seated, are outgoing Harvard President Larry Summers (C), and basketball legend Bill Russell (L) who are also receiving honorary degrees. (UPI Photo/Matthew Healey)
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Lawrence Henry Summers (born November 30, 1954) is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010. Summers is the Charles W. Eliot University Professor at Harvard University's Kennedy School of Government. He is the 1993 recipient of the John Bates Clark Medal for his work in several fields of economics.

Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.

Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings. In 2009, he was tapped by President Obama to be the director of the White House National Economic Council.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Larry Summers."