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Professor Michael Spence,
recipient of the 2001 Nobel Memorial
Prize in Economic Sciences
A review of:
Michael Spence, The Next Convergence: The Future of Economic Growth in a Multispeed World. New York: Farrar, Straus and Giroux 2011. xvi+296 pages.
The book is a product of the independent High Level Commission on Growth and Development that completed its work in 2010. Members of the Commission included leaders of social and economic transformations internationally and top global experts such as Robert Solow, the father of modern growth theory, and Mohamed El-Erian, CEO of Pimco. Prof. Michael Spence, the 2001 Nobelist in Economics, chaired this unique effort.
The reading of this book is a humbling experience. The reader is immediately hit by the vast intellectual expanse of the topic and the Author’s Nobel winning theoretical brilliance combined with his “hands-on” practical-analytical, integrative, and simplifying capabilities keeping the argumentation both rigorous and free from the rather unnecessary technical jargon.
Valdas Samonis
Institute for New Economic Thinking, New York City
and SEMI Online, Toronto
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