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Nobel Economist, Former Stanford Dean to Join NYU Stern School of Business Faculty

A. Michael Spence, a Nobel Prize-winning economist and former dean of the Stanford Graduate School of Business, will join the faculty of New York University’s Stern School of Business as an economics professor beginning in September, the school announced yesterday.

Spence comes to Stern from the Stanford Graduate School of Business, where he is currently the Philip H. Knight Professor Emeritus of Management and where he served as dean from 1990 to 1999. Before that he spent 15 years at Harvard University, holding a joint appointment as a professor of economics and business administration in its Business School and the Faculty of Arts and Sciences and serving as dean of the Faculty of Arts and Sciences from 1984 to 1990.

A Nobel Prize winner in economics in 2001, Spence is also a senior fellow at the Hoover Institute, a Rhodes Scholar, chairman of global policy group the Commission on Growth and Development and a member of the boards of directors of several major companies.

NYU Stern is happy indeed to have snagged him. “Mike, through his broad portfolio of activities, all performed at the highest level, and fundamentally propelled by deep academic expertise, embodies the kind of integrative thinking that NYU Stern continues to bring to bear on the complex problems of business in the 21st century,” Peter Henry, NYU Stern’s new dean, said in a statement announcing the news.

NYU President John Sexton echoed Henry’s enthusiasm, calling Spence’s decision to join NYU’s faculty an affirmation of the school’s efforts to build its faculty. “An economist of his reputation only joins an institution where he knows that there is a robust intellectual environment and he will have colleagues of the highest caliber,” Sexton said. He added that Spence has expressed particular enthusiasm for NYU’s development as a global network university.

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