Larry Summers was permanently excluded from the American Economic Association due to his relationship with Jeffrey Epstein, deemed incompatible with the association's standards of integrity.

Larry Summers, a renowned economist and former U.S. Treasury Secretary, has been permanently expelled from the American Economic Association (AEA) due to his behavior, particularly his relationship with Jeffrey Epstein, who was convicted of sexual offenses. The decision came after emails were published showing that Summers maintained correspondence with Epstein even after he pleaded guilty to soliciting prostitution from a minor.

Summers acknowledged that he is ashamed of his actions and took responsibility for the decision to continue communication with Epstein. The AEA emphasized that his behavior is incompatible with the association's standards of integrity and banned him from participating in its events. Summers, who had a distinguished career in economics, including serving as president of Harvard University, announced that he will withdraw from public life.