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Spence then studied at Magdalen College, University of Oxford as a Rhodes Scholar, and received a B.A./M.A. in mathematics in 1968. Spence then began graduate studies in economics at Harvard University with the support of a Danforth Graduate Fellowship in the fall of 1968.
Apr 25, 2024 · A. Michael Spence is an American economist who, with George A. Akerlof and Joseph E. Stiglitz, won the Nobel Prize for Economics in 2001 for laying the foundations for the theory of markets with asymmetric information. Spence studied at Yale University (B.A., 1966), the University of Oxford (B.A.,
From 1975 to 1990, he served as professor of economics and business administration at Harvard University, holding a joint appointment in its business school and the Faculty of Arts and Sciences. In l983, he was named chairman of the economics department and George Gund Professor of Economics and Business Administration.
Aug 9, 2021 · A. Michael Spence: An American economist who has won the Nobel Memorial Prize in Economic Sciences. Spence is a professor emeritus of management in the Graduate School of Business at Stanford ...
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Oct 10, 2001 · A. Michael Spence, Philip H. Knight Professor, Emeritus, and former Dean of the Graduate School of Business, was awarded the 2001 Nobel Memorial Prize in Economic Sciences Wednesday. He shares the prestigious $1 million prize with George A. Akerlof of the University of California at Berkeley and Joseph E. Stiglitz of Columbia University.
The foundations for this theory were established in the 1970s by three researchers: George Akerlof, Michael Spence and Joseph Stiglitz. They receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2001, “for their analyses of markets with asymmetric information”.
