Michael Spence

Essay
JUL/AUG
2014
Erik Brynjolfsson, Andrew McAfee, and Michael Spence

Machines are substituting for more types of human labor than ever before. This means that the real winners of the future will be neither the providers of cheap labor nor the owners of ordinary capital, but rather those who can innovate and create new products, services, and business models.

Video
Jonathan Tepperman and Michael Spence

An interview with the Nobel Prize-winning economist Michael Spence.

Response
Nov/Dec
2011
Richard Katz; Robert Z. Lawrence; Michael Spence

Is globalization to blame for rising unemployment and income inequality in the United States? Richard Katz and Robert Lawrence argue that other factors are at fault. Perhaps, says Michael Spence -- but the overarching effects of globalization cannot be denied.

Essay
Jul/Aug
2011
Michael Spence

Jobs growth was slow in May, renewing pessimism about the U.S. economy. Spence, a Nobel Prize-winning economist writes that economic growth and employment in the United States have started to diverge, increasing income inequality and reducing jobs for less-educated workers.