Spence, Michael

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Spence, Michael

(Andrew Michael Spence), 1943–, American economist and educator, b. Montclair, N.J., Ph.D. Harvard, 1972. He has taught at Stanford (1973–75, 1990–99), Harvard (1975–90), and New York Univ. (2010–), was dean of the faculty of arts and sciences at Harvard (1984–90) and of the business school at Stanford (1990–99), and was chairman of the Commission on Growth and Development (2006–10). As an economist, he has focused on economic growth and development, dynamic competition, and the economics of information. In 2001 he shared the Nobel Memorial Prize in Economic Sciences with Joseph StiglitzStiglitz, Joseph Eugene,
1943–, American economist, b. Gary, Ind., Ph.D. Massachusetts Institute of Technology, 1967. He has taught at a number of educational institutions, including Stanford (1974–76, 1988–2001) and Columbia (2001–), served on the
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 and George AkerlofAkerlof, George Arthur,
1940–, American economist, b. New Haven, Conn., B.A. Yale, 1962, Ph.D. Massachusetts Institute of Technology, 1966. He has been a professor at the Univ.
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 for their work explaining how asymmetries with respect to information affect markets. In particular Spence was cited for his analysis of how education acts as a signal of a potential employee's skills and productivity and for his analysis of the insurance market.
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References in periodicals archive ?
I would like to thank the government for investing in important improvements to the Town Centre Complex, said Mayor Michael Spence, Town of Churchill.
Economics Nobel laureate Michael Spence, while he was chairing a commission on growth in developing economies seven years ago, said: 'Achieving a higher growth equilibrium is rarely a gradual or incremental transition.
According to Michael Spence, professor, New York University and 2001 winner of the Nobel Prize for Economic Sciences, the timing for such a study could not be better.
Debt as an investment in the future, delivering high yields or serving a long-term purpose is not necessarily a problem, notes economist Michael Spence for Project Syndicate.
Others who shelled out to rub shoulders with the PM over dinner include Michael Spence, a former Tory party treasurer whose City firm ICAP was fined PS54million in the LIBOR scandal, Sir Henry Keswick, Etoneducated chairman of sprawling business group Jardine Matheson; Dr James Hay, a billionaire racehorse owner and close pal of the Middleton family; Stockbroker Howard Shore, whose wife organised the latest Tory summer ball and Alexander Temerko, an energy tycoon wanted on fraud charges in Russia.
Elsewhere, Michael Spence is trying to delay his return to Chicago because he doesn't want to face the music over his latest dalliance.
Michael Spence (Hari Dhillon, above) is back in town, which means Raf needs to step up a gear on the AAU.
35pm) Michael Spence (Hari Dhillon, left) is back, so Raf needs to step up a gear.
By combining research into the beginnings of life, fertility, conception, the foetus, pregnancy and birth with a clinical facility for reproductive technology services, this gift will enable us to deepen and broaden that research and to return Australia to a position of world leadership in the field of assisted reproductive technologies," The University's Vice-Chancellor, Dr Michael Spence, said.
This comes from a book by Michael Spence called The Next Convergence: The Future of Economic Growth in a Multi- Speed World.
Akerlof y Michael Spence con el Premio Nobel de Economia 2001, por sus analisis de los mercados con informacion asimetrica, y explica en que cantidad, y el porque existen tantos descontentos por la globalizacion y sus efectos.
As a result the University of Sydney vice-chancellor, Michael Spence, has now called on the Premier, Barry O'Farrell, to urgently review the governance arrangements for the colleges, allowing greater intervention into their affairs, the paper concluded.

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