# Prof. Michael Spence's talk at the American Economics Association annual meeting is mentioned

1 Faculty News January 6, 2014 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://on.wsj.com/1azpd7c) -- "[Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence), a Nobel Prize-winning economist at New York University, finds the U.S. is shifting from an economy dependent on consumer demand to an economy dependent on trade."

[Read more](http://on.wsj.com/1azpd7c)