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Michael Spence
By Michael Spence - Jan 27,2021
MILAN — US President Joe Biden’s plan for ending the COVID-19 pandemic and hastening the economic recovery is well designed and comprehensive, with clear objectives and priorities.
By Michael Spence - Oct 01,2020
MILAN — Informational asymmetries between buyers and sellers have long been known to impair market performance.
By Michael Spence - Sep 01,2020
MILAN — Much economic commentary nowadays focuses on “divergence”: while broad equity-market indices are at or near all-time highs, much of the wider economy struggles to recover from one of the most severe downturns ever.
By Michael Spence - Feb 13,2020
MILAN — Climate change was at the forefront of last month’s World Economic Forum (WEF) meeting in Davos, Switzerland. Younger participants, in particular, underscored the challenge ahead, with the teenage activist Greta Thunberg delivering a powerful speech on the subject.
By Michael Spence - Jan 06,2020
FORT LAUDERDALE — As one advances in age, one tends to mark each new year by reflecting on the broader developments that have run in parallel with one’s own lifetime.
By Michael Spence - Aug 03,2019
MILAN — The eighteenth-century British economist Adam Smith has long been revered as the founder of modern economics, a thinker who, in his great works “The Wealth of Nations” and “The Theory of Moral Sentiments”, discerned critical aspects of how market economies funct
By Michael Spence - Jun 29,2019
MILAN — Western attitudes towards digital technology have soured in recent years, as once-celebrated innovations have begun to reveal their downsides.
By Michael Spence - May 30,2019
MILAN — For much of the post-World War II period, economic policy has focused on unemployment.
By Michael Spence - May 07,2019
MILAN — The global economy is undergoing very large structural shifts, driven by three megatrends. One is the digital transformation of the foundations on which economies are built and run.
By Michael Spence - Jan 22,2019
MILAN — China’s strategy for economic growth has been a work in progress since Deng Xiaoping launched the country’s “reform and opening up” in 1978.

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