Date: Monday 23 January 2012
Location: Institute for Government, 2 Carlton Gardens, London, SW1Y 5AA
Charles W. Eliot University Professor at Harvard University's Kennedy School of Government and former U.S. Treasury Secretary and Director of the United States National Economic Council for President Barack Obama.
Warden of Nuffield College, Oxford, member of the Office for Budget Responsibility and former member of the Bank of England's Monetary Policy Committee
In order to mark the launch of the Commission, and assist in setting its agenda, Professors Larry Summers and Steve Nickell gave evidence on Monday 23 January on how to improve the growth performance of the UK economy in the medium to long term.
Opening the discussion, Stephen Nickell took an orthodox view with a focus on the supply side of the economy. He began by noting that while output growth is made up of two components: labour input growth and productivity growth, the key focus of any growth strategy must be on productivity growth.
Larry Summers took a different angle, emphasising the need to consider the demand side in addition to the supply side.
For a full summary of the talking points of this event please see the Evidence sessions launch summary [PDF] .
Please note that the views expressed by the evidence givers do not necessarily reflect those of the LSE Growth Commission.