Many economists are too complacent about current models, but there is no evidence that the profession is in intellectual decline when judged by comparative standards against other disciplines
factualpending
Speaker
Lawrence SummersEvidence Quote
“are there a ton of economists who are much too complacent about the current models? Yeah, I I certainly do think uh that that's true, but thinking of it, I think there's no evidence for the proposition that it's a profession or a discipline in decline.”
Source
Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)Created: 8/11/2026, 6:36:04 AM
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