Lawrence H. Summers
@LHSummers
Charles W. Eliot University Professor and President Emeritus at Harvard. Secretary of the Treasury for President Clinton and Director of NEC for President Obama
Joined January 2011
712 Following 367.7K Followers
Ford CEO Jim Farley’s idea of the “essential economy” is a good one and represents an important departure from a fashionable idea: the fetishization of manufacturing. By broadening the concept to include fixing and moving as well as making, it becomes more plausible and inclusive. In all our emphasis on higher education, science and technology, and the knowledge economy of bits and bytes, we have lost sight of the fact that the work people do with their hands is crucial to the livelihood of tens of millions of Americans. @DavidWestin #WallStreetWeek# @BloombergTV
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Is America overlooking the “essential economy"? Ford CEO Jim Farley and @LHSummers think so — and say moving, fixing and building is just as crucial as tech and ideas. Watch "Wall Street Week" Friday at 6 p.m. ET
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