A. Michael Spence

An American economist who was awarded by the Nobel Memorial Prize in Economic Sciences. Spence is a lecturer of management at Stanford University in the Graduate School of Business, and a senior member at the Hoover Institution - a Stanford-based free-market think tank. Spence got the Nobel Memorial Prize in 2001, together with Joseph Stiglitz and George Akerlof, for his study of information asymmetry - specifically of how individuals can utilize their education credentials as a sign to potential employers. Spence is also a receiver of the John Bates Clark Medal. Previous to teaching at Stanford, Spence taught economics and business administration at Harvard.

He born in 1943 in New Jersey and bring and brought up in Canada. His research subjects involve . He has also worked as a director on the boards of various public and private companies.