Faculty News

Nobel Laureate Prof. Michael Spence on US unemployment

Excerpt from Calgary Herald -- "As Nobel-prize winning economist Michael Spence recently wrote in an article for Foreign Affairs Magazine, the ranks of the employed in the United States grew from 122 million to 149 million between 1990 and 2008, with about 98 per cent of the jobs created being in the so-called 'nontradable' sector of the economy; the goods and services produced and consumed domestically." Additional coverage appeared on Foreign Policy.

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