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An expert on domestic economics and a leading authority on international finance, Larry Summers is one of the most distinguished voices on issues ranging from the global economy to education to the role of the United States in the world. Prior to serving in the Obama Administration as Director of the White House National Economic Council, Dr. Summers was Secretary of the Treasury during the Clinton Administration, President of Harvard University, and Chief Economist of the World Bank. Dr. Summers’ tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half century to have left office with the national budget in surplus. During his tenure in the Obama Administration, Larry Summers emerged as a key economic decision-maker and continues to be called upon as the number one resource for the most pressing economic debates of the day.
Steve Forbes is Chairman and Editor-in-Chief of Forbes Media, and an internationally respected authority in the worlds of economics, finance, and corporate leadership. With the economy at the forefront of conversation on a global level, Mr. Forbes offers long-standing insights that capitalism, free markets, and a flat tax are essential to a healthy economy. This is a message Mr. Forbes has been delivering as editor of one of the world’s most successful business magazines for decades, and he continues to be one of the most sought-after speakers on this and other economic issues leading the economic debates around the world.
What does "America First" mean for TRADE and TAX POLICY? These HWA speakers know the decisions facing CEOs and Congress, and the impact on American workers, our foreign policy and the economy as a whole.
STEVE FORBES: CEO of Forbes media, champion of tax reform and former U.S. Presidential candidate
MAX BAUCUS: Trade expert, Ambassador to China (2014 - 2017) & Chair of Senate Finance Committee (2007 - 2014)
LAWRENCE SUMMERS: Secretary of the Treasury and Director White House Council of Economic Advisors
ALAN KRUEGER: Jobs expert, Chairman White House Council of Economic Advisors, Chief Economist of the U.S. Treasury
JULIA GILLARD: Prime Minister of Australia (2010- 2013) and expert on trade in the Asian-Pacific region
ED BALLS: Chief Economic Advisor to the UK Treasury (2010 - 2015)
PAUL TUCKER: Deputy Governor of the Bank of England (2009 - 2013)
FELIPE CALDERON: President of Mexico (2006 - 2012) and NAFTA expert
VICENTE FOX: President of Mexico (200 - 2006) and NAFTA expertMore experts on taxes and trade issues in North America, Europe and Asia >>
Former Treasury Secretary Lawrence H. Summers is one of America's leading economists. In addition to serving as 71st Secretary of the Treasury in the Clinton Administration, Dr. Summers served as Director of the White House National Economic Council in the Obama Administration, as President of Harvard University, and as the Chief Economist of the World Bank.
Dr. Summers’ tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half century to have left office with the national budget in surplus.
Dr. Summers has played a key role in addressing every major financial crisis for the last two decades. During the 1990s, he was a leader in crafting the U.S. response to international financial crises arising in Mexico, Brazil, Russia, Japan, and Asian emerging markets. As one of President Obama’s chief economic advisors, Dr. Summers’ thinking helped shape the U.S. response to the 2008 financial crisis, to the failure of the automobile industry, and to the pressures on the European monetary system. Upon Summers’ departure from the White House, President Obama said, “I will always be grateful that at a time of great peril for our country, a man of Larry’s brilliance, experience and judgment was willing to answer the call and lead our economic team.”
The Economist recognized his influence when it defined the “Summers Doctrine,” an approach to economic policy during financial crises that fuses a microeconomic "laissez faire" mentality with macroeconomic activism. "Markets should allocate capital, labour and ideas without interference, but sometimes markets go haywire, and must be counteracted forcefully by government."
Summers' five years as President of Harvard represented a time of major innovation for the University. He focused on equality of opportunity and removing all financial obligation from students with family incomes below $60,000 a year. He launched a major effort to make Boston, and Cambridge in particular, the global leader in life sciences research, with the formation of major programs for stem cell research and genomics. Perhaps most importantly, he led efforts to renew Harvard College with dramatic increases in study abroad programs, faculty-student contact, and collaboration across the University during his tenure.
Currently, Dr. Summers is the President Emeritus and the Charles W. Eliot University Professor at Harvard University, where he became a full professor at age 28, one of the youngest in Harvard’s recent history. He directs the University’s Mossavar-Rhomani Center for Business and Government. Summers was the first social scientist to receive the National Science Foundation's Alan Waterman Award for scientific achievement and, in 1993, he was awarded the John Bates Clark Medal, given to the most outstanding economist under 40 in the United States. He was elected to the National Academy of Sciences in 2002. He has published several books and more than 150 papers in scholarly journals.
Summers is an advisor to businesses and investors. He serves on the board of two cutting edge financial services startups—Square and Lending Club. He also chairs the boards of Citizen Schools and the Center for Global Development and serves on the executive committee of the board for Teach for America. He recently chaired the Commission on Global Health, lauded by the UN Secretary General who noted that it “will bring more than health – it will bring equity, and contribute to a life of dignity for all.”
President Bill Clinton said that Larry Summers "has the rare ability to see the world that is taking shape and the skill to help to bring it into being." He has been recognized as one of the world’s most influential thinkers by Time, Foreign Policy, Prospect and The Economist magazines among many others. In his speeches, regular newspaper columns in The Financial Times and public commentary, he continues to move forward the debate on national and global economic policy.
Steve Forbes is Chairman and Editor-in-Chief of Forbes Media, the technology driven global media and branding company.
Forbes.com has become one of the world's most influential websites, with nearly 60 million unique visitors a month.
The company's flagship publication, Forbes, is the nation's leading business magazine, with a readership of 6.2 million in the U.S.. The company's 38 local editions around the world, including Forbes Asia, together have a circulation of almost 1.2 million.
Mr. Forbes writes editorials for Forbes under the heading of "Fact and Comment." A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.
In both 1996 and 2000, Mr. Forbes campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Mr. Forbes continues to energetically promote this agenda.
Mr. Forbes' most recent book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming the Fed will Restore Hope and Prosperity, co-authored by Elizabeth Ames (McGraw-Hill Professional).
His other books include Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, co-authored by Elizabeth Ames (McGraw-Hill Professional); Freedom Manifesto: Why Free Markets are Moral and Big Government lsn't, co authored by Elizabeth Ames (Crown Business, August 2012); How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today's Economy, co-authored by Elizabeth Ames (Crown Business, November 2009); and Power Ambition Glory: The Stunning Parallels between Great Leaders of the Ancient World and Today ... and the lessons You Can Learn, co-authored by John Prevas (Crown Business, June 2009). He also wrote: Flat Tax Revolution: Using a Postcard to Abolish the IRS (Regnery, 2005); and A New Birth of Freedom (Regnery, 1999), a book of bold ideas for the new millennium.
In 1985, President Reagan named Mr. Forbes Chairman of the bi-partisan Board for International Broadcasting (BIB). In this position, he oversaw the operations of Radio Free Europe and Radio Liberty. Broadcasting behind the Iron Curtain, Radio Free Europe and Radio Liberty were praised by Poland's Lech Walesa as being critical to the struggle against communism. Mr. Forbes was reappointed to his post by President George H. W. Bush and served until 1993.
Mr. Forbes serves on the boards of The Ronald Reagan Presidential Foundation and the Heritage Foundation. He is on the Board of Overseers of the Memorial Sloan-Kettering Cancer Center. He previously served on the Board of Trustees of Princeton University for ten years.
Steve Forbes was born on July 18, 1947, in Morristown, New Jersey. He received a B.A. in history from Princeton in 1970.