The recent revelations surrounding Jeffrey Epstein’s alleged sexual misconduct and exploitation of underage girls have sparked widespread outrage and calls for accountability. In the midst of this scandal, former Harvard professor and economist Lawrence Summers has faced scrutiny for his past relationships with Epstein. Emails released to the public have shown that Summers communicated with Epstein on “relationships” if not more, leading him to step back from his role as a paid contributor to Bloomberg TV.

In response to these revelations, the Association of Economics Editors and Publishers (AEA) has taken action to distance itself from Summers. Effective immediately, the AEA has imposed a lifetime prohibition on Summers’ attendance, speaking, or participation in any AEA-sponsored events or activities, including serving in any editorial or refereeing capacity for AEA journals.

This move by the AEA is not surprising, given the severity of the allegations against Epstein and the need to maintain the integrity of the organization’s publications and events. The AEA has a responsibility to uphold ethical standards and ensure that its members are not associated with unethical or illegal behavior.

Summers’ decision to step back from his role as a paid contributor to Bloomberg TV is also significant, as it demonstrates a commitment to transparency and accountability. It is important for individuals in positions of influence and authority to be mindful of their actions and the impact they may have on others, particularly in light of recent events.

The Epstein scandal has highlighted the need for greater scrutiny and accountability in various industries, including academia and media. It is crucial that individuals and organizations are held to high ethical standards and are transparent about their relationships and interactions with those who have been accused of misconduct.