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"If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles."
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"History must be documented, every moment is a sacred history."
"Once upon a time, there was a civilization in the eastern side of the world. It was one of the most advanced civilizations on the planet that existed during that time.This civilization was the glorious Indus valley civilization. No, I am not talking about India. I am talking about the land of greatness that got lost in time. Today, in the same geographical location of that great civilization, we have a piece of earth, which is known as "India. But do not mistake it to be the same glorious land that existed thousands of years ago, along with other magnificent civilizations, such as the Greeks, the Mayans, the Egyptians, the Babylonians etc."
"It comes to this then: there always have been people like me and always will be, and generally they have been persecuted."
"Every period in history has its own peculiarities."
"If you'll excuse a brief history lesson: most people didn't experience 'the sixties' until the seventies. Which meant, logically, that most people in the sixties were still experiencing the fifties--or, in my case, bits of both decades side by side. Which made things rather confusing."
Explore more quotes by Lawrence Summers
"It certainly was difficult to sell NAFTA because it's always difficult to sell open markets."
"There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs."
"I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it."
"But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place."
"If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles."
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