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Lawrence H. Summers

Lawrence H. Summers is Professor of Economics at Harvard University and a former US Secretary of the Treasury.

Setting The Record Straight On Secular Stagnation

Lawrence H. Summers

Joseph Stiglitz recently dismissed the relevance of secular stagnation to the American economy, and in the process attacked (without naming me) my work in the administrations ... Read more

Winning An Election Does Not Entitle One To Upend Basic Values

Lawrence H. Summers

I will never again use the term “political correctness.” Whatever rhetorical value the term may have once had is far more than offset by what

Voters Deserve Responsible Nationalism Not Reflex Globalism

Lawrence H. Summers

It is clear after the Brexit vote and Donald Trump’s victory in the Republican presidential primaries that voters are revolting against the relatively open economic policies that

The Economic Consequences Of A Trump Win Would Be Severe

Lawrence H. Summers

On June 23, the UK will vote on whether to remain in the EU. On November 8, the US will vote on whether to elect

Europe Is Right To Kill Off The Criminal’s Favourite Banknote

Lawrence H. Summers

Most of the time I use this column to recommend policy changes that I believe would make the world a better place. This time I

Global Trade Should Be Remade From The Bottom Up

Lawrence H. Summers

Since the end of the second world war, a broad consensus in support of global economic integration as a force for peace and prosperity has been a

Corporate Profits Are Near Record Highs. Here’s Why That’s A Problem

Lawrence H. Summers

As the cover story in this week’s The Economist highlights, the rate of profitability in the United States is at a near-record high level, as is the share of

Trump’s Rise Illustrates How Democratic Processes Can Lose Their Way

Lawrence H. Summers

While comparisons between Donald Trump and Mussolini or Hitler are overwrought, Trump’s rise does illustrate how democratic processes can lose their way and turn dangerously

Increasingly Convinced Of The Secular Stagnation Hypothesis

Lawrence H. Summers

Foreign Affairs has just published my latest on the secular stagnation hypothesis. I am increasingly convinced that it captures what is going on in the

No Free Lunches But Plenty Of Cheap Ones

Lawrence H. Summers

Trade-offs have long been at the center of economics. The aphorism “there is no such thing as a free lunch” captures a central economic idea:

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WSI Report

WSI Minimum Wage Report 2025

The trend towards significant nominal minimum wage increases is continuing this year. In view of falling inflation rates, this translates into a sizeable increase in purchasing power for minimum wage earners in most European countries. Most EU countries are now following the reference values for adequate minimum wages enshrined in the European Minimum Wage Directive, which are 60% of the median wage or 50% of the average wage.

DOWNLOAD THE REPORT

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Cohesion Policy

S&D Position Paper on Cohesion Policy post-2027: a resilient future for European territorial equity

Cohesion Policy seeks to foster balanced development and reduce economic, social, and territorial disparities, focusing on rural areas, regions in industrial transition, and those with severe or permanent natural or demographic disadvantages, including outermost, sparsely populated, island, cross-border, and mountain regions.

READ THE PAPER HERE

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HESA Magazine Cover

With a comprehensive set of relevant indicators, presented in 85 graphs and tables, the 2025 Benchmarking Working Europe report examines how EU policies can reconcile economic, social and environmental goals to ensure long-term competitiveness. Considered a key reference, this publication is an invaluable resource for supporting European social dialogue.

DOWNLOAD HERE

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Ageing workforce
The evolution of working conditions in Europe

This episode of Eurofound Talks examines the evolving landscape of European working conditions, situated at the nexus of profound technological transformation.

Mary McCaughey speaks with Barbara Gerstenberger, Eurofound's Head of Unit for Working Life, who leverages insights from the 35-year history of the European Working Conditions Survey (EWCS).
LISTEN TO THIS EPISODE

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Spring Issues

The Summer issue of The Progressive Post is out!

It is time to take action and to forge a path towards a Socialist renewal. European Socialists struggle to balance their responsibilities with the need to take bold positions and actions in the face of many major crises, while far-right political parties are increasingly gaining ground. Against this background, we offer European progressive forces food for thought on projecting themselves into the future.

Among this issue’s highlights, we discuss the transformative power of European Social Democracy, examine the far right’s efforts to redesign education systems to serve its own political agenda and highlight the growing threat of anti-gender movements to LGBTIQ+ rights – among other pressing topics.

READ THE MAGAZINE

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