A. Michael Spence AKA A Michael Spence Born: 7-Nov-1943 Birthplace: Montclair, NJ
Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Economist Nationality: United States Executive summary: Asymmetric markets For their work advancing the theory of markets with asymmetric information, economists A. Michael Spence, George A. Akerlof, and Joseph Stiglitz shared the Nobel Prize in Economics in 2001. Spence, a dual citizen of Canada and the United States, was 26 when he did his prize-winning work, 31 when it was published in book form, and 58 when he was recognized with the Nobel Prize in Economics. At Harvard his students included Bill Gates and Steve Ballmer. Brother: Randall Spence (b. 1944) Brother: Allan Spence (b. 1953) Wife: Ann Bennett Spence (m. 1968, sep. 1991, div. 1995, three children) Son: Graham Spence (b. 1979) Daughter: Catherine Spence (b. 1982) Daughter: Marya Spence (b. 1985) Wife: Monica Cappuccini (dated 1993-97, m. 1997)
High School: University of Toronto Schools, Toronto, Ontario (1962) University: BS, Princeton University (1966) University: MS Mathematics, Oxford University (1968) University: PhD Economics, Harvard University (1972) Scholar: Economics, Stanford University (1972-75) Professor: Economics, Harvard University (1975-90) Administrator: Dean of Arts and Sciences, Harvard University (1984-90) Professor: Economics, Stanford University (1990-) Administrator: Dean of Buisness, Stanford University (1990-99)
Rhodes Scholarship 1966 John Bates Clark Medal 1982 Nobel Prize for Economics 2001 (with George A. Akerlof and Joseph Stiglitz) American Academy of Arts and Sciences American Economic Association Econometric Society Hoover Institution Senior Fellow National Science Foundation Alfred P. Sloan Foundation Economics Advisory Committee (1979) Oak Hill Capital Partners (1999-)
Member of the Board of General Mills (1992-)
Member of the Board of Exult
Member of the Board of Nike
Member of the Board of Siebel Systems
Canadian Ancestry
Author of books:
Market Signaling: Informational Transfer in Hiring and Related Screening Processes (1974) Competition in the Investment Banking Industry (1983, with Samuel L. Hayes III and David Van Praag Marks) International Competitiveness (1988, with Heather A. Hazard)
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