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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-- Project Syndicate * Michael Spence, a Nobel laureate in economics, is Professor of Economics at New York University's Stern School of Business and Senior Fellow at the Hoover Institution.
From left, they are Bob Dunn, Cove and Altens; Dougal Bennett, Union Street; James Thom, Garthdee; Bob Etties, Torry; Sandra MacIver, Kincorth; Paul Morrison, Garthdee, and Michael Spence, David Stuart and John Morgan, all Union Street
She is survived by her husband, Gail; four daughters and two sons-in-law, Pamela Hall, Marcia Gschwender, Janice and David Knorowski, Linda and Michael Spence and one son and daughter-in-law, Douglas and Susan Meintzer; grandchildren and great-grandchildren; sister, Charlotte (James) Nicoll; nieces and nephews.
University of Sydney Vice Chancellor Michael Spence said innovative projects such as these were building important relationships between the research community, industry and government to improve the lives of citizens through the application of smart tools and technologies.
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.
The same conclusion was drawn by The Economist Intelligence Unit, which recently published "No More Excuses: Responsible Supply Chains in a Globalized World." 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.
DRAMA HOLBY CITY BBC1, 10.35pm MICHAEL Spence is back.
Michael Spence (Hari Dhillon, above) is back in town, which means Raf needs to step up a gear on the AAU.
HOLBY CITY BBC1 8pm (Scot, 10.35pm) Michael Spence (Hari Dhillon, left) is back, so Raf needs to step up a gear.

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