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Haverford College
Department of Economics

William Comanor ‘59 lecturer 2010: Michael Spence

On April 6, 2010 the Haverford College had the privilege of hosting Nobel Laureate, A. Michael Spence, for a notable day and evening of scheduled events. William Comanor ‘59 endowed a fund for an annual spring event in which a highly eminent economist gives a public talk, runs a student attended seminar, and is a guest of the department at a banquet in his or her honor. Michael Spence was Haverford's first Comanor lecturer, and he set the bar high for future guests. Early in the afternoon Spence led a seminar on Sustained High Growth in Developing Countries in a room overflowing with students. Later that evening his main talk, "The Industrial Underpinnings of Catchup Growth", was thoroughly enjoyed by at least 100 faculty members, staff and students. In the public talk he gave the audience a sense of what is going on in an economy growing at 7-10% a year for a quarter of a century or more and the importance of our understanding these growth processes and how they relate to the stability of world politics and the health of our environment.

Dr. Spence is the Chairman of an Independent Commission on Growth in Developing Countries, Professor Emeritus of Management in the Graduate School of Business at Stanford University and a Senior Fellow of the Hoover Institution at Stanford. In 2001, Dr. Spence (and his 2 colleagues, George A. Akerlof and Joseph E. Stiglit) received the Nobel Prize in Economic Sciences (the 2001 Sveriges Riksbank Prize in Economic Sciences) for their analyses of markets with asymmetric information.

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