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Michael Spence

Michael Spence

Writing for PS since 2008
120 commentaries
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Michael Spence, a Nobel laureate in economics, is Professor of Economics at New York University’s Stern School of Business and Senior Fellow at the Hoover Institution. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World.  

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  1. solana109_robert wallisCorbis via Getty Images_manhittingberlinwall Robert Wallis/Corbis via Getty Images

    The Partial Triumph of 1989

    Javier Solana

    The fall of the Berlin Wall in November 1989 marked the end not of a historical chapter, but of a paragraph. Although capitalism currently has no rival, it has proven its compatibility with illiberal forces.

    0
  2. sachs315_Pablo Rojas MadariagaNurPhoto via Getty Images_chileprotestmanbulletface Pablo Rojas Madariaga/NurPhoto via Getty Images

    Why Rich Cities Rebel

    Jeffrey D. Sachs

    Having lost touch with public sentiment, officials in Paris, Hong Kong, and Santiago failed to anticipate that a seemingly modest policy action (a fuel-tax increase, an extradition bill, and higher metro prices, respectively) would trigger a massive social explosion.

    3

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