38. Michael Spence interview

I have just come across an interview with Michael Spence in the Wall Street Journal. It is 12 minutes long. This is the first time I am including video in the blog. Why?

• not because he explained why people  go to university (to signal ability in the job market - Job Market Signaling)
• not because he got a Nobel Prize in Economics (2001)
• not because he was the Dean of the Arts and Science faculty at Harvard and Dean of the Stanford Business School

(I could go on) 

but simply that was he says is very sensible. Enjoy