# In an op-ed, Prof. Michael Spence argues for increased public investment by private investors

1 Faculty News February 20, 2015 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/public-investment-economic-growth-by-michael-spence-2015-02) -- "Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological innovation, and spurring private-sector investment by increasing returns. Though public investment cannot fix a large demand shortfall overnight, it can accelerate the recovery and establish more sustainable growth patterns."

[Read more](http://www.project-syndicate.org/commentary/public-investment-economic-growth-by-michael-spence-2015-02)

Additional coverage appeared on [Bloomberg](http://www.bloomberg.com/news/videos/2015-02-23/why-public-investment-nobel-laureate-michael-spence), [MarketWatch](http://www.marketwatch.com/story/why-public-investment-needs-private-funds-2015-02-20), [MSN](http://www.msn.com/en-us/money/other/why-public-investment-nobel-laureate-michael-spence/vp-BBhSQId) and [Yahoo](https://www.yahoo.com/travel/v/why-public-investment-nobel-laureate-125234651.html).