Faculty News | Nobel Laureate Prof. Michael Spence on the US and Europe's structural problems

Nobel Laureate Prof. Michael Spence on the US and Europe's structural problems

— 8/16/2011

Excerpt from Business Spectator -- "Spence pointed out that in recent decades, all the US jobs growth has been in non-tradeable goods like health, government services and housing construction, which was unsustainable."

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Nobel Laureate Prof. Michael Spence on the US and Europe's structural problems