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Tuesday, February 9, 2021
Larry Summers
David Warsh, a former
Boston Globe columnist and current weekly columnist at his own website, Economic Prinicipals, provides this interesting background story:
Some years ago, I set out to write a little book about Harvard University’s USAID project to teach market manners to Boris Yeltsin’s Russian government in the 1990s. The project collapsed after leaders of the Harvard mission were caught seeking to line their own pockets by gaining control of an American firm they had brought in to advise the Russians. Project director Andrei Shleifer was a Harvard professor. His best friend, Lawrence Summers, was US Assistant Treasury Secretary at the time.