Michael Spence

Michael Spence

Michael Spence is a Nobel laureate in economics and a co-author (with Mohamed A. El-Erian, Gordon Brown, and Reid Lidow) of Permacrisis: A Plan to Fix a Fractured World

Why Emerging Economies Are Embracing AI

Emerging economies are embracing AI with optimism, seeing it as a powerful catalyst to solve local challenges, boost access to services, and accelerate inclusive growth.

Michael Spence

November 12, 2025 at 4:30 AM IST

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Adam Smith at 250

Nearly 250 years after Smith introduced the concept of specialisation, it remains a key feature of our economies. But it has also changed profoundly.

Michael Spence

August 18, 2025 at 4:54 PM IST

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Via WikiCommons

Can AI Deliver Broad-Based Prosperity?

To prevent AI development from becoming an “imitation game,” Haupt and Brynjolfsson advise the developer community to embrace “centaur evaluations,” in which humans and AI systems jointly solve tasks.

Michael Spence

July 2, 2025 at 8:15 AM IST

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The Economic Consequences Of The Trump Administration’s Policies

Whatever its flaws, the US was regarded for decades as a reliable global actor, whether in trade and finance or foreign policy and security. No more.

Michael Spence

May 15, 2025 at 6:42 AM IST

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Gage Skidmore/CC

Navigating The Trump Storm

The largest impact is likely to be on the US owing to its growing isolation from the rest of the global economy.

Michael Spence

April 8, 2025 at 4:59 PM IST

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