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Lawrence Summers

Deputy Secretary of the U. S. Treasury Department, former Chief Economist of the World Bank


What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the unhidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists.

1998 - quoted in The Commanding Heights by Yergen and Stanislaw, Simon and Schuster