BUSINESS

Larry Summers And The Subversion of Economics

12/07/2010 05:12 am ET | Updated May 25, 2011

The Obama administration recently announced that Larry Summers is resigning as director of the National Economic Council and will return to Harvard early next year. His imminent departure raises several questions: Who will replace him? What will he do next? But more important, it's a chance to consider the hugely damaging conflicts of interest of the senior academic economists who move among universities, government, and banking.

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