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Spence is an economist and recipient of the 2001 Nobel Prize in Economics for his work on the subject of signaling in markets with asymmetric information. Spence sits on the boards of Nike, General Mills, and Siebel Systems. He has authored three books and about 50 articles in professional journals.Spence has held professorships at both Stanford Business School and Harvard. He was Dean of Stanford's Graduate School of Business from 1990 to 1999 and Dean of the Faculty of Arts and Sciences at Harvard from 1984 until 1990. Spence earned a B.A. in philosophy at Princeton summa cum laude and was selected for a Rhodes Scholarship. He was awarded a B.A. from Oxford in mathematics and earned his Ph.D. in economics at Harvard. | 