Andrew Michael Spence is a Canadian-American economist and Nobel Prize laureate. He majored in Philosophy at Princeton University, pursued further studies at Oxford University, and received his Ph.D. from Harvard University. From 1973 to 1975, he was an associate professor of Economics at Stanford University where later, in 1990, he became professor. From 1990 to 1999, he was the Philip H. Knight Professor of Management at Stanford University and was appointed Dean at the Stanford Graduate School of Business, becoming Emeritus in 2000. From 1975 to 1990, he was also Professor of Economics and Business Administration at Harvard University, where from 1984 to 1990 was appointed Dean of the Faculty of Arts and Sciences. Andrew Michael Spence is a recipient of many awards and honours. In 1966, he studied as a Rhodes Scholar at the Magdalen College, Oxford University, and studied economics at Harvard University with the support of a Danforth Graduate Fellowship. In 1972, he received the David A. Wells Prize for outstanding doctoral dissertation from Harvard University; in 1978, he was awarded the J. K. Galbraith Prize for Excellence in Teaching; in 1981, he received the John Bates Clark Medal for Contributions to Economic Research by the American Economic Association; and, together with George A. Akerlof and Joseph E. Stiglitz, Andrew Michael Spence is a co-recipient of the 2001 Nobel Memorial Prize in Economic Sciences "for their analyses of markets with asymmetric information.” He is the author of many articles and has published a few books, including “Market Signaling: Informational Transfer in Hiring and Related Screening Processes” and “The Next Convergence: The Future of Economic Growth in a Multispeed World”.