Quotes by Lawrence Summers

• If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.
• In the history of the world, no one has ever washed a rented car.
• The availability of private insurance provides tremendous insulation for millions of individuals.
• There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs.
• It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
• I've always thought that underpopulated countries in Africa are vastly underpolluted.
• I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.
• Contagion has become very much a phenomenon, and it's a phenomenon of globalization.
• But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place.