Ian Beacraft
CEO & Chief Futurist, Signal and Cipher | Gonzo Futurist & Synthetic Media Pioneer | AI, Future of Work & Workforce Transformation
2001 Nobel Laureate in Economics | Professor Emeritus, Stanford GSB | Senior Fellow, Hoover Institution | Senior Advisor, General Atlantic | Co-author, Permacrisis
Michael Spence won the 2001 Nobel Prize in Economic Sciences for his analysis of markets with asymmetric information. Today Professor Emeritus and former dean at Stanford, Senior Fellow at the Hoover Institution, and Senior Advisor to General Atlantic, he advises global leaders on growth, AI, inflation, and emerging markets. Audiences gain a Nobel-caliber framework for reading a fractured world economy and finding durable sources of long-term growth.
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Economics speaker Michael Spence is a Nobel laureate whose work reshaped how governments, central banks, and global investors think about information, markets, and growth. He shared the 2001 Nobel Memorial Prize in Economic Sciences with George Akerlof and Joseph Stiglitz for foundational analyses of markets with asymmetric information, the field behind his influential theory of market signaling.
He is the Philip H. Knight Professor Emeritus of Management and former dean of the Stanford Graduate School of Business, a Senior Fellow of the Hoover Institution, and a Distinguished Visiting Fellow of the Council on Foreign Relations. He spends much of the year in Milan, where he is an Adjunct Professor at Bocconi University, and he is an Honorary Fellow of Magdalen College, Oxford. In the world of global capital he serves as Senior Advisor to General Atlantic, chairing the firm’s Global Growth Institute, and as Senior Advisor to Jasper Ridge Partners.
From 2006 to 2010 Spence chaired the independent Commission on Growth and Development, leading global research on how developing economies can achieve rapid, sustained, and inclusive growth while reducing poverty. He chairs the Advisory Board of the Asia Global Institute and serves on the Academic Committee of the Luohan Academy in Hangzhou. Earlier in his career he was dean of the Faculty of Arts and Sciences at Harvard from 1984 to 1990, and his honors include the John Bates Clark Medal, given to the leading American economist under 40, and the John Kenneth Galbraith Prize for excellence in teaching.
Spence is the author of influential books and more than fifty academic articles. His Permacrisis: A Plan to Fix a Fractured World, written with Gordon Brown, Mohamed El-Erian, and Reid Lidow, lays out a plan for repairing growth, economic management, and global governance in an age of compounding shocks, while his earlier The Next Convergence examined the future of growth in a multispeed world. He remains a regular voice on the global economy, writing widely on technology, productivity, and the structural forces driving fragmentation.
As a speaker, Michael Spence gives senior audiences a Nobel-caliber lens on the forces reshaping the global economy, from artificial intelligence and industrial policy to inflation, emerging markets, and the energy transition. He separates genuine impact from hype, turns frontier economics into clear decision-making frameworks, and helps C-suites, boards, and investors read economic signals when familiar assumptions no longer hold.
A leading authority on growth and technological change, Michael Spence places artificial intelligence within the broader macroeconomic picture, separating genuine impact from hype. He explains how technology shapes productivity and labor markets over time, why economy-wide adoption matters more than frontier breakthroughs, and what leaders should watch as AI reshapes the sources of long-term growth.
Drawing on decades of policy and market analysis, Spence sets out what central banks and governments can realistically influence in the current environment. He shows where policy still moves outcomes, where expectations need to reset, and why so much of today's economy is driven by deep structural forces rather than short-term intervention, giving decision-makers a clearer read on the road ahead.
The global economy is no longer drifting toward stability. Spence takes audiences inside the structural forces behind fragmentation, slower growth, and persistent volatility, and shows how leaders should interpret economic signals when traditional assumptions no longer apply. The result is a grounded framework for making decisions amid uncertainty rather than reacting to each new shock.
Inspired by his book Permacrisis, written with Gordon Brown and Mohamed El-Erian, Spence offers a clear-eyed plan for confronting the overlapping crises that define the moment: faltering growth, stubborn inflation, climate pressure, widening inequality, rising nationalism, and fraying global cooperation. More than a diagnosis, the keynote lays out practical paths toward better approaches to growth, economic management, and governance.
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