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Michael Spence
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Michael Spence is a Professor Emeritus of Management in the Graduate School of Business at Stanford University, a Senior Fellow of the Hoover Institution at Stanford and Professor of Economics at the Stern School of Business at New York University. In 2001, Spence received the Nobel Prize in Economic Sciences.

Blog Entries by Michael Spence

"Act and Learn" Versus "Debate and Wait"

52 Comments | Posted November 14, 2011 | 11:30:01 (EST)

The opinions expressed below are the authors' own.

In formulating policy, the process and the mindset can have a significant impact on the success or failure of outcomes. How you do it can be as or more important than what you do.

In today's western economies, this observation may...

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Observations on the Evolution of Economic Policies

Posted March 25, 2011 | 16:50:02 (EST)

It was a privilege to participate in the IMF conference devoted to rethinking policy frameworks in the wake of the crisis. Highly encouraging was the openness of the discussion, the range of views, the willingness to question orthodoxy, and the posture of humility.

One gets the...

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