Nobel Laureate Michael Spence is a world authority on growth in developing countries and on the convergence between advanced and developing economies. He chairs the Academic Council which oversees the Institute’s research agenda and intellectual output to ensure they maintain an innovative edge and remain relevant in the global discourse.
Michael is a professor of economics at the Stern School of Business at New York University, Professor Emeritus of Management in the Graduate School of Business at Stanford University, a Senior Fellow of the Hoover Institution at Stanford and a Distinguished Visiting Fellow of the Council on Foreign Relations. He has also served as the Dean of the Faculty of Arts and Sciences at Harvard and the Dean of the Stanford Business School.
He is also a former Chairman of the Commission on Growth and Development, which focuses on emerging economies. In 2001, he received the Nobel Prize in Economics for work that assessed how markets try to close informational gaps.
Michael has published widely and is the author of several books and numerous articles and papers. His most recent publication is The Next Convergence: The Future of Economic Growth in a Multispeed World (May 2011).
He has a BA in Philosophy from Princeton University, a BA/MA in Mathematics from Oxford University and a PhD from Harvard University.
Areas of Expertise/Research Interests:
- Growth and Development Economics and Policy in Emerging Markets
- Economics of Information
- Impact of Leadership on Economic Growth
- Industrial Organization, Market Structure and Performance