Nobel Prize winner Michael Spence is a professor of economics at the New York University Stern School of Business. 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. He divides his time between Italy and California.
His scholarship is centred around economic policy in emerging markets, the impact of leadership on economic growth and the economics of information. Spence was former chairman of the independent Commission on Growth and Development (2006 – 2010), a global policy group committed to the reduction of poverty through economic growth.
He consults at PIMCO, advises at Oak Hill Investment Management and is on the board of the Stanford Management Company.
Professor Spence was awarded the Nobel Memorial Prize in Economic Sciences in 2001.