Share / Print

A. Michael Spence

A. Michael Spence

Joined Stern 2010

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-160
New York, NY 10012

Follow on Twitter


Nobel Laureate A. Michael Spence joined New York University Leonard N. Stern School of Business as a professor of economics in September 2010. He is a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University.

Professor Spence, whose scholarship focuses on economic policy in emerging markets, the economics of information, and the impact of leadership on economic growth, was chairman of the independent Commission on Growth and Development (2006 - 2010), a global policy group focused on strategies for producing rapid and sustainable economic growth, and reducing poverty. He also serves as a consultant to PIMCO, a senior adviser at Oak Hill Investment Management, and as a member of the board of the Stanford Management Company as well as a number of public and private companies.

A Rhodes Scholar and the recipient of many honors and awards, Professor Spence was awarded the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal from the American Economics Association in 1981. He is the author of three books and 50 articles, and is a member of the American Economic Association and a fellow of the American Academy of Arts and Sciences and the Econometric Society.

Professor Spence served as Philip H. Knight Professor and dean of the Stanford Business School from 1990 to 1999. Before that, he was a professor of economics and business administration at Harvard University, chairman of its economics department, and dean of its Faculty of Arts and Sciences.

Professor Spence earned a Ph.D. from Harvard University in 1972, a B.A./M.A. from Oxford University in 1968 and a B.A. (summa cum laude) from Princeton University in 1966.

Research Interests

  • Economic policy in emerging markets
  • Economics of information
  • Impact of leadership on economic growth

Courses Taught

  • Growth in the Developing World and the Global Economy

Academic Background

Ph.D., 1972
Harvard University

B.A./M.A., 1968
Oxford University

B.A., 1966
Princeton University

Related News & Research

COVID-19 Is Beating Trump

Professor Michael Spence is quoted in an article exploring whether global institutional infrastructure needs major reform to cope with challenges posed by the coronavirus pandemic

COVID-19 and the Trust Deficit

Professor Michael Spence warns that if vulnerable developing countries don't get help from the G20 and international financial institutions it could trigger a correction in the global economy

A letter to G20 governments, co-signed by Professor Michael Spence, calling for immediate internationally coordinated action – to address the global health and economic crises caused by COVID-19 is highlighted

The Priority for the Social-Distancing Period

A letter to G20 leaders, co-authored by Professor Michael Spence and 19 economists and global health experts, urging cooperation across countries and disciplines to fight the COVID-19 pandemic is published

Professor Michael Spence explains why he believes that digital transformation and the current economic slowdown could disrupt employment prospects in 2020

Can China’s Economy Withstand the Coronavirus?

What My Younger Self Never Expected

Which Wealth Tax?

In a live interview, Professor Michael Spence discusses the outlook for the post-Brexit U.K. economy

In a live interview, Professor Michael Spence discusses Federal Reserve monetary policy

The End of Shareholder Primacy?

Professor Michael Spence's work on developing economies is cited

The Inequality of Nations

The “Digital Revolution” of Wellbeing

Beyond Unemployment

In a live interview, Professor Michael Spence discusses how the US delaying tariffs on auto imports will impact trade negotiations with China

The World’s Next Big Growth Challenge

Areas of Expertise


  • Emerging Markets
  • Globalization & Trade
  • International Economic Policy


  • Brazil
  • China
  • India