Your solution is O(n^2). The optimal solution is linear. It works so that you scan the array from left to right, taking note of the best sum and the current sum:
def get_max_sum_subset(x):
bestSoFar = 0
bestNow = 0
bestStartIndexSoFar = -1
bestStopIndexSoFar = -1
bestStartIndexNow = -1
for i in xrange(len(x)):
value = bestNow + x[i]
if value > 0:
if bestNow == 0:
bestStartIndexNow = i
bestNow = value
else:
bestNow = 0
if bestNow > bestSoFar:
bestSoFar = bestNow
bestStopIndexSoFar = i
bestStartIndexSoFar = bestStartIndexNow
return bestSoFar, bestStartIndexSoFar, bestStopIndexSoFar
This problem was also discussed thourougly in Programming Pearls: Algorithm Design Techniques (highly recommended). There you can also find a recursive solution, which is not optimal (O(n log n)), but better than O(n^2).