Summers was on the staff of the Council of Economic Advisers under President Reagan in 1982â1983. He also served as an economic adviser to the Dukakis Presidential campaign in 1988. Summers left Harvard in 1991 and served as Vice President of Development Economics and Chief Economist for the World Bank until 1993.
The late majority are skepticalâthey adopt an innovation only after a majority of people have tried it. Finally, laggards are tradition boundâthey are suspicious of changes and adopt the innovation only when it has become something of a tradition itself. Comments by Dr. Laukamm Add/Edit Comments
1. The passing down of elements of a culture from generation to generation, especially by oral communication: cultural practices that are preserved by tradition. 2. a. A mode of thought or behavior followed by a people continuously from generation to generation; a custom or usage: the traditions of Tibetan Buddhism. precept or a body of precepts that are not written in the sacred book of a religion, such as the Bible, but are considered holy or true. 4. A style or method of an activity or practice, especially of artistic expression, that is recognized and sometimes imitated: satire in the tradition of Jonathan Swift. 5.