A Quote by Michael Spence

During my Ph.D. program, I became interested in the informational structure of markets that turned into the work on signaling, which was the part of my early work that was recognized for the Nobel Prize, but it was not really a subject at the time.

Michael Spence

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Became Early Early Work Interested Markets Nobel Nobel Prize Part Prize Program Really Recognized Structure Subject Time Turned Which Work

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Michael Spence
American - Economist
Born: November 7, 1943

The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable clothes on purpose is an example of what former Princeton hockey player and Nobel Prize winner Michael Spence taught economists to call 'signaling.'

Ben Bernanke

If you look at the recent Nobel Prize winners, one couldn't say that the work didn't matter and the political commitment did. Who had ever heard of the Egyptian writer Naguib Mahfouz? He is not politically involved. Octavio Paz is a great poet, also not politically involved. The Nobel Prize is for literature, for the quality of work over the years.

Nadine Gordimer

When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize.

Simon Kuznets

I believe that every Nobel Laureate has the feeling that this prize is really a gift - because nobody can or should work just for this prize.

Klaus von Klitzing

I think the Nobel Prize helps for a number of reasons. Number one, if I can be frank, there is these people will feel by getting a Nobel Prize that I'm one of them, that it is possible to contribute on the world map of science and technology. And the other thing also which I'm hoping for is that the government in Egypt is willing and interested in promoting science and technology and this is an ideal time now to be able to do something.

Ahmed H. Zewail

The tremendous honour of the Nobel Prize is of the strongest incentive to me in my work, while the amount of the Prize will greatly simplify my task and provide me with much valuable help in my work.

August Krogh

I'm not sure whether I could win a Nobel Prize or not, but the Nobel Committee called me, and, 'You got the Nobel Prize.' So, I was so, so happy, and I was so surprised.

Shuji Nakamura

That work led to the emergence of the recombinant DNA technology thereby providing a major tool for analyzing mammalian gene structure and function and formed the basis for me receiving the 1980 Nobel Prize in Chemistry.

Paul Berg

Thanks to the high standing which science has for so long attain and to the impartiality of the Nobel Prize Committee, the Nobel Prize for Physics is rightly considered everywhere as the highest reward within the reach of workers in Natural Philosophy.

Guglielmo Marconi

There is no 'master plan' on the road to the Nobel Prize. It represents a lot of hard work, a passion for that work and... being in the right place at the right time. For me, that place was Caltech.

Ahmed Zewail

The Nobel Prize is worth $1.5 million, but that's not the issue. Do the distinguished scientists who win the Nobel Prize need the money? Probably not. The honor is more important the money, and that's the case with the prize for African leadership as well.

Mo Ibrahim

I'd like to win a Booker Prize for writing. A Nobel Peace Prize for my work in peace... and I think that'll probably do.

Billy Boyd

We suppose that could be considered a hedged position for the awards committee, one that would never occur in the hard sciences such as physics and chemistry, where a prize shared among three with divergent views would be an embarrassing mistake or a bad joke. While a Nobel Prize might well be the culmination of a life’s work, shouldn’t the work accurately describe the real world?

Seth Klarman

The pretention that some of us are better than others, I don't think is a very good thing. And who is contributing what to our progress in science is not so obvious and many who don't get that Nobel Prize are better than people... than some of us that do get the Nobel Prize. I think we should not be interested in prizes, we should be interested in learning about nature.

Jack Steinberger

I was going to be a writer, and that turned into journalist. And then that turned into a career in children's literature, which turned into early childhood education, which turned into psychology, which turned into premed, which turned into nursing school, which turned into communication, which turned into marketing and advertising.

Damaris Phillips

If they gave a Nobel Peace Prize for work against big tobacco, not just in the industry, but also with the California tax initiative, he really deserves one.

Joe Eszterhas

A Quote by Michael Spence

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