In a significant move, the American Economic Association (AEA), one of the United States’ foremost scholarly groups, has permanently barred former Harvard President Larry Summers. This decision seems to be a direct response to his past associations with the infamous financier Jeffrey Epstein.

The AEA, which is esteemed for its membership of prominent academics, policymakers, and business leaders, publicized the decision on their official website this past Tuesday. The announcement marks a decisive stance by the association against any ties to Epstein, who was widely known for his criminal activities.

The statement from the AEA reads, “The American Economic Association (AEA) has accepted Lawrence H. Summers’ voluntary resignation from membership and, pursuant to the AEA’s Policies, Procedures, and Code of Professional Conduct, has imposed a lifetime ban on his membership.” This underscores the seriousness with which the association views the matter.

Moreover, the association has taken further steps by prohibiting Summers from any involvement with AEA-sponsored events or activities. This includes a ban on attendance, participation, and any editorial or refereeing duties for journals associated with the AEA.

This decision adds yet another chapter to the complex narrative surrounding Larry Summers and his connections to Jeffrey Epstein, a story that continues to reverberate across academic and professional circles.

“The AEA condemns Mr. Summers’ conduct, as reflected in publicly reported communications, as fundamentally inconsistent with its standards of professional integrity and with the trust placed in mentors within the economics profession,” the statement said.

The association’s decision follows the release of emails showing Summers’ close relationship with Epstein.

Harvard has faced its own scrutiny over its long-running ties to Epstein, including donations he made to the Ivy League college and his visits to campus.

Summers, who served as Harvard’s president from 2001 to 2006, has previously been criticized for maintaining contact with Epstein even after the financier’s 2008 conviction.

Harvard’s former president, Larry Summers, has withdrawn from public commitments amid revelations of continued communication with disgraced financier Jeffrey Epstein. (Kevin Dietsch/Getty Images)

In one of the emails released in November, Epstein referred to himself as a “wing man” for Summers.

The fallout surrounding the emails saw Summers step down from several public and advisory roles, including positions at OpenAI, the Center for American Progress and the Yale Budget Lab.

The pressure increased further after a student-recorded video of Summers addressing questions about his ties to Epstein went viral.

Larry Summers during the 2017 Henry A. Kissinger Prize at the American Academy in Berlin on June 20, 2017, in Berlin, Germany. (Chad Buchanan via Getty Images)

The clip, which showed students confronting him and expressing frustration over his answers, sparked campus protests and renewed criticism over his handling of the controversy.

Fox News Digital has reached out to the American Economic Association and Larry Summers for further comment.