Andrew Michael Spence


Served as the Chairman of an Independent Commission on Growth in Developing Countries (2006-2010) He was Professor Emeritus of Management and former Dean (1990-1999) in the Graduate School of Business at Stanford University, Senior Fellow of the Hoover Institution at Stanford In 2001, Spence received the Nobel Prize in Economic Sciences. He is the author of the book, “The Next Convergence: The Future of Economic Growth in a Multispeed World,” Ferrar, Straus and Giroux, May 2011.

He is the chairman of the academic council of the Fung Global Institute. Spence serves on the boards of Genpact and Mercadolibre, and a number of private companies. He is a member of the board of the Stanford Management Company, and the International Chamber of Commerce Research Foundation. He is a Senior Advisor to Oak Hill Investment Management and a consultant to PIMCO. Spence was awarded the John Kenneth Galbraith Prize for excellence in teaching and the John Bates Clark medal for a “significant contribution to economic thought and knowledge.” From 1984 to 1990, Spence served as the Dean of the Faculty of Arts and Sciences at Harvard. Spence holds a BA in philosophy from Princeton University (1966), a BA/MA in mathematics from Oxford University (1968), and a PhD in Economics from Harvard University (1972).

By this expert

Escaping the New Normal of Weak Growth

Article | Oct 7, 2016

Eight years after the crisis erupted, what the global economy is experiencing is starting to look less like a slow recovery than like a new low-growth equilibrium. With monetary policy unable to stimulate demand, or even inflation, it’s time for fiscal authorities to relieve the burden on central banks.

Meeting New Challenges in China

Article | Mar 27, 2013

Further system reforms will enable China to overcome middle-income trap and push forward social progress

Featuring this expert

Pandemics and Innovation

Event Webinar | Sep 28, 2020

An INET organized panel under the auspices of the 2020 Trento Economic Festival

The Future of Work | What's at Stake?

moderated by Steve Clemons with James Manyika and Michael Spence

Event Webinar | Sep 22, 2020

Advancements in automation and artificial intelligence are quickly reaching tipping points, yet our policies, institutions and mindsets are woefully outdated. What will work look like in the future, and how do we secure a future that works for all?

A Global Perspective on the COVID-19 Pandemic

with Michael Spence - 12pm EDT / 9am PDT

Event Webinar | May 21, 2020

The economic and social costs of the global lockdown have been astronomical but as governments look to begin the process of reopening economies it will be critical to develop strategies that balance both the health and economic risks of the pandemic.


From the Origins of Economic Ideas to the Challenges of Our Time

Event Plenary | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.