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Larry Summers’ sexism is jeopardizing his power and privilege, but the entire economics profession hinders progress for women

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House lawmakers released damning correspondence between economist Larry Summers and the late convicted sex offender Jeffrey Epstein on Nov. 12, 2025. The exchanges, which were among more than 20,000 newly released public documents, documented how Summers – a former U.S. Treasury secretary and Harvard University president – repeatedly sought Epstein’s advice while pursuing an intimate relationship with a woman he was mentoring.

The two men exchanged texts and emails until July 5, 2019, the day before Epstein was arrested on federal charges of the sex trafficking of minors. That was more than a decade after Epstein pleaded guilty to soliciting prostitution from a girl who was under 18. Epstein died by suicide that August, while in jail.

“As I have said before, my association with Jeffrey Epstein was a major error of judgement,” Summers wrote in a statement to The Crimson, Harvard’s newspaper, after the documents came to light. “I am deeply ashamed of my actions and recognize the pain they have caused,” he said in another statement.

The texts have ignited a new round of scrutiny of Summers and calls for Harvard to revoke his tenure. And on Dec. 2 the American Economic Association, a professional association for economists, announced that it had banned Summers from all its activities for the rest of his life.

These revelations are leading to the unraveling of Summers’ prestigious career.

The 70-year-old economist went on leave from teaching at Harvard on Nov. 19. He has also stepped down from several boards on which he was serving, including Yale University’s Budget Lab, OpenAI and two think........

© The Conversation