The Transformation of the Global Economy. Padua Nobel Lecture by Michael Spence



November 27, 2018 - 11 am
Aula Magna - great hall, Palazzo Bo, Padova 

The Padua Nobel Lecture of the University of Padova is this year entrusted to Michael Spence, who was awarded the 2001 Nobel prize in Economic Sciences with George Akerlof and Joseph Stiglitz for their analyses of markets with asymmetric information.

The work of Spence and his colleagues indeed laid the foundations for a general market theory that can be applied in many fields, from agricultural to financial markets. He pioneered key concepts like adverse selection and moral hazard. He made significant contributions to monetary theory, economics of development and commerce, public and private finance, industrial and agricultural organisation theory, theory of distribution of revenues and wealth, and on the welfare economy,

During the event, the economist will tackle the question of the inevitable convergence, in the global economy, of advanced countries and developing countries, whose colossal asymmetries are being reduced. His analysis will therefore focus on economic growth, on the experience of emerging market economies, on foreseeable evolutions for the future of the global era: a future linked to the ability of future generations to understand how the reciprocal dependency of nations will evolve, in order to thus find creative ways to manage it. 

A. Michael Spence is a professor at New York University (NYU) Stern School of Business and at the Bocconi University in Milan. He presides over the Commission on Growth and Development, an independent research body, supported by the World Bank, for the study of solutions that ensure rapid economic growth aimed at reducing poverty in developing countries. He is internationally recognised as one of the top experts in teaching Economics and has authored numerous books which have been translated into more than ten different languages.

The lecture will be simultaneously translated for the public from English to Italian.

Unfortunately bookings are closed for this event.

Live streaming video is available Youtube and Facebook.