Tag: Michael Spence

Michael Spence is a Canadian / American economist and recipient of the 2001 Nobel Memorial Prize in Economic Sciences, along with George A. Akerlof and Joseph E. Stiglitz. He is most known for his research on how the job market works. Last year we wrote about his latest book The Next Convergence – The Future of… Continue reading Sustainable Patterns of Growth

Around 1750 the world economy began its amazing transformation with the advent of the Industrial Revolution. What happened then and why did it happen? The short answer is “innovation”, according to Professor Michael Spence, a Nobel Prize laureate in Economics. But where does innovation come from? In the speech below, Spence traces the emergence of… Continue reading The Future of Economic Growth