The Economics of Philanthropy
Michael Spence Michael Spence, a Nobel laureate in economics, is Emeritus Professor of Economics and a former dean of the Graduate
Crunch Time for the Power Sector
Michael Spence Michael Spence, a Nobel laureate in economics, is Emeritus Professor of Economics and a former dean of the Graduate
Action on Planet and People Depends on Growth
Michael Spence, a Nobel laureate in economics, is Emeritus Professor of Economics and a former dean of the Graduate School of Business
In Defense of Industrial Policy
MILAN – Industrial policy has always been a controversial dimension of growth and development strategies in emerging economies. Now,
Regime Change in the Global Economy
By Michael Spence Michael Spence, a Nobel laureate in economics, is an emeritus professor at Stanford University and a senior
A World of Heat and Headwinds
By Michael Spence PORTOVENERE, ITALY – As recently as three months ago, the global economy seemed to be on track for a
Avoiding a K-Shaped Global Recovery
By Michael Spence, Joseph E. Stiglitz, and Jayati Ghosh NEW YORK – The United States expects to “celebrate independence” from COVID-19
The Shape of Global Recovery
By Michael Spence MILAN – COVID-19 vaccination programs are gaining momentum as production capacity ramps up, and as
Winners and Losers of the Pandemic Economy
By Michael Spence MILAN – Much economic commentary nowadays focuses on “divergence”: while broad equity-market indices are at
What My Younger Self Never Expected
By Michael Spence FORT LAUDERDALE – As one advances in age, one tends to mark each new year by reflecting on the broader developments