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Michael Spence

Michael Spence

Writing for PS since 2008
152 commentaries

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Michael Spence, a Nobel laureate in economics, is Professor of Economics Emeritus and a former dean of the Graduate School of Business at Stanford University. He is Senior Fellow at the Hoover Institution, serves on the Academic Committee at Luohan Academy, and co-chairs the Advisory Board of the Asia Global Institute. He was chairman of the independent Commission on Growth and Development, an international body that from 2006-10 analyzed opportunities for global economic growth, and is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World (Macmillan Publishers, 2012).

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  1. soldier training John Moore/Getty Images
    Subscriber Exclusive

    What’s the Endgame in Ukraine?

    Nearly three months after Russia launched its invasion, Western countries appear more committed than ever to Ukraine’s defense, and, in some quarters, to Russia’s defeat. We asked PS commentators what outcome the West, Russia, and Ukrainians themselves can realistically expect.

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  2. strain1_ STEFANI REYNOLDSAFP via Getty Images_empty restaurant economic slowdown STEFANI REYNOLDS/AFP via Getty Images

    Will US Inflation Lead to Recession?

    Michael R. Strain

    While some economic indicators suggest that the recovery remains on track, others show that consumers may be stalling out, and that households and businesses are becoming increasingly pessimistic. The US Federal Reserve will have to respond more nimbly to economic softening than it did to strengthening in 2021.

    urges the Federal Reserve to keep its options open as it tries to restore price stability.
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