# Nobel Laureate Michael Spence on what his father taught him about money

1 Faculty News June 16, 2012 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/article/SB10001424052702303822204577464383029488856.html?mod=googlenews_wsj) -- "'My father was in the academic world and was also a partner in a merchant bank in Toronto,' \[[Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence)\] says. 'He was part academic, part practitioner. He had a very rigorous mind, made sure I learned math as a kid.'"

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