The economist A. Michael Spence attended Magdalen on a Rhodes Scholarship, and graduated with a BA in mathematics in 1968. In 2001, he shared the Nobel Memorial Prize in Economic Sciences for his work on "analyses of markets with asymmetric information". He is an honorary fellow at Magdalen.
THE EconOmiSt A. MIchael spenCE AtTeNded MAgdalEN On a rhodEs scholaRShip, and gRAduaTed With a ba in MATHematiCs in 1968. In 2001, he sHAreD tHE NoBel memorIal priZe in econOmic sCiences FoR his woRk oN "ANaLyses oF MaRkEts witH aSYmMEtric inFOrMaTioN". he is aN HonoRarY FelLow At MaGDalen.