Michael Spence

American economist

Andrew Michael Spence (born November 7, 1943[3]) is a Canadian American economist and recipient of the 2001 Nobel Prize in Economic Sciences, along with George Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development.

Michael Spence
A Michael Spence.jpg
Spence in 2008
Born (1943-11-07) November 7, 1943 (age 76) [1]
NationalityUnited States
InstitutionHarvard University
Stanford University
SDA Bocconi School of Management
New York University
FieldMicroeconomics, labor economics
Alma materHarvard University, (Ph.D.)
University of Oxford, (B.A.)
Princeton University, (B.A.)
Kenneth Arrow[2]
Thomas Schelling[2]
InfluencesRichard Zeckhauser
ContributionsSignaling theory
AwardsJohn Bates Clark Medal (1981)
Nobel Memorial Prize in Economics (2001)
Information at IDEAS / RePEc


  1. "A. Michael Spence – Facts". NobelPrize.org.
  2. 2.0 2.1 Signaling in Retrospect and the Informational Structure of Markets Nobel Lecture Retrieved September 12, 2016.
  3. "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001". NobelPrize.org. Retrieved 2018-11-07.