# In an op-ed, Prof. Michael Spence explains the need for a balanced growth agenda

1 Faculty News May 18, 2013 ![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/moving-from-austerity-to-a-more-balanced-agenda-by-michael-spence) -- "If public-sector deleveraging is not a complete growth policy – and it isn’t – why is there so much attention on fiscal austerity and so little action (as opposed to lip service) on growth and employment?"

[Read more](http://www.project-syndicate.org/commentary/moving-from-austerity-to-a-more-balanced-agenda-by-michael-spence)