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Conversations with Tyler

Larry Summers on Macroeconomics, Mentorship, and Avoiding Complacency (Live)

Conversations with Tyler

Conversations with Tyler

Society & Culture, Education

4.82.4K Ratings

🗓️ 20 September 2017

⏱️ 74 minutes

🧾️ Download transcript

Summary

The economist, President Emeritus at Harvard University, and former Treasury Secretary joins Tyler to discuss innovation in higher education, Herman Melville, the Fed, Mexico, Russia, China, the Larry Summers production function, philanthropy and Larry’s table tennis adventure in the summer Jewish Olympics.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded September 6th, 2017

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Transcript

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0:00.0

Today, Tyler is talking to Larry Summers.

0:06.2

And if after the conversation is over, you feel like you haven't quite got your Summers

0:10.0

fix?

0:11.0

Well, I got good news for you because he's also this week's guest on macro musings with

0:14.8

David Beckworth, another one of the podcasts we produce here at Mercatus.

0:18.6

It's a pure adose, a good ol' fashion macro economics.

0:21.6

They talk about the great recession, fiscal stimulus, the Fed, QE12 and 3, and of course,

0:27.9

NGDP targeting.

0:28.9

And if you like geeking out about macro, be sure to check out David's past conversations

0:33.7

with Paul Krugman, Greg Mancue, Betsy Stevenson, Scott Sumner, and many, many more.

0:38.8

All of those episodes are available online.

0:41.3

Subscribe wherever you get your podcasts.

0:58.9

For more at Mercatus.org, and for more conversations, including videos, transcripts, and upcoming

1:05.3

dates, visit ConversationsWithTiler.com.

1:13.2

I'm here with Larry Summers.

1:14.7

Of course, Larry has many notable achievements.

1:18.0

But for me, personally, the most important one is that of all the classes I took at Harvard

1:22.4

University, he taught the very best one.

1:25.5

And that was PhD, macro one.

1:27.8

So I'd like to start with a question about education and this idea of mentoring.

1:31.6

In your career, you've mentored a large number of very successful people.

1:34.9

Alan Krugger from my class at Balls, Sheryl Sandberg, Natasha Siren, who's here with us today.

...

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