Stanford's Spence wins Nobel for economics

In a 1993 interview, A. Michael Spence, Philip H. Knight Professor, Emeritus, and former Dean of the Stanford Graduate School of Business, talks about the importance of taking risks.

Video: Jack Hubbard

• Stanford's Spence wins Nobel for economics
  
  
• Announcement by the Nobel Foundation
  
  
• The Nobel Prize - 100 years of honoring achievement: videos, articles and resources about Stanford's Nobel Laureates (10/3/01)