Michael Spence

Michael Spence

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Michael Spence is a Nobel Prize winning economist and professor at New York University. Michael Spence won the Nobel Prize for Economics in 2001 for laying the foundations for the theory of markets with asymmetric information with Joseph Stiglitz and George Akerlof.

Endorsed Joe Biden for President

Michael Spence signed a letter endorsing Joe Biden for President dated September 22, 2020.,

The letter verbatim:

We the undersigned express our support for the economic principles and policies of Joe Biden.

While each of us has different views on the particulars of various economic policies, we believe that Biden’s overall economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic policies of Donald Trump.

Throughout the coronavirus crisis, Biden has recognized that science-based, public health solutions are critical not only to saving lives, but to any viable strategy to restore economic confidence, recovery, and jobs.

Similarly, on issue after issue, Biden’s economic agenda will do far more than Donald Trump’s to increase the economic strength and well-being of our nation and its people. Simply put, Biden’s policies will result in economic growth that is faster, more robust, and more equitable.

The letter was signed by the following economists: George Akerlof, Peter Diamond, Oliver Hart, Eric Maskin, Daniel McFadden, Roger Myerson, William Nordhaus, Edmund Phelps, Paul Romer, Robert Solow, Michael Spence, Joseph Stiglitz and Richard Thaler.

References

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