Graduate School of Business

In a October 6th commentary in Forbes Magazine, Michael Spence, discusses the factors behind the collapse of the asset bubble, the goals of the U.S. government's $700 billion bailout, and its possible outcomes.

Michael Spence is senior fellow at the Hoover Institution and Philip H. Knight Professor Emeritus of Management in the Graduate School of Business. He is the chairman of an independent Commission on Growth and Development, created in 2006 and focused on growth and poverty reduction in developing countries.

For Spence's complete commentary on the bailout please visit Forbes.com.