# The Commission on Global Economic Transformation, co-founded by Professor Michael Spence, is featured

1 Faculty News October 22, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2017-10-21/nobel-laureates-lead-new-group-to-tackle-world-s-economic-woes) -- "Nobel laureates Joseph Stiglitz and [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) are leading a new initiative to find solutions to what they see as a dysfunctioning market economy. The Commission on Global Economic Transformation is aiming to tackle global economic challenges from stagnating growth and inequality to migration and climate change. It intends to meet with elected officials and policy makers to share its recommendations."

[Read more](https://www.bloomberg.com/news/articles/2017-10-21/nobel-laureates-lead-new-group-to-tackle-world-s-economic-woes)