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AEA Bans Larry Summers Over Epstein Ties and Scandal

12/3/2025

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Summary

Story summary

The American Economic Association permanently bans Larry Summers, the economist, for his connections with Jeffrey Epstein.
The AEA accepted Summers' voluntary resignation and barred him from AEA events and editorial roles.
Emails revealed Summers sought romantic advice from Epstein.
Summers expressed deep shame over his actions and has stepped back from public commitments, including teaching at Harvard, while the university investigates his ties to Epstein.

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Story summary

The American Economic Association permanently bans Larry Summers, the economist, for his connections with Jeffrey Epstein.
The AEA accepted Summers' voluntary resignation and barred him from AEA events and editorial roles.
Emails revealed Summers sought romantic advice from Epstein.
Summers expressed deep shame over his actions and has stepped back from public commitments, including teaching at Harvard, while the university investigates his ties to Epstein.