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Spencer, Aron S.

Contact Info
Title: Assistant Professor
Email: aron.s.spencer@njit.edu
Office: CAB 4028
Phone: 973-596-5634
Dept: School of Management
Webpage: http://web.njit.edu/~aspencer

About Me

Aron Spencer researches the economic impacts of entrepreneurship and the economic impacts of technological change.

He has been teaching at NJIT since the fall of 2003.

Education

  • Claremont McKenna College, B.A., 1993.
  • University of California, Irvine, Ph.D., 2002.

Courses I Teach

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Courses Taught

Management of Technology and Innovation (Undergraduate)

I am currently teaching Management 480, Management of Technology and Innovation, M, 2:30-4:00 pm and W, 1:00-2:30 pm (Section 001) and W, 6:00-9:00 pm (Section 101).Office hours are M 2:00-2:30 pm, W 12:30-1:00pm & 5:00-6:00 pm, TH 5:00-6:00 pm and by appointment.Get the syllabus (subject to revision) here (revised 4 September 2008) and the course schedule (also subject to revision) here (revised 4 September 2008)

A note on Case StudiesLecture Notes (available after each lecture)

Entrepreneurship

I also teach Enterpreneurship 410: New Venture Management, M 6:00-9:00 pm. Office hours are as noted above, though the hour before class, Entrepreneurship students will be given preference.

Get the Syllabus here; Course Schedule available here.

Lecture Notes (available after each lecture)

Management of Technology (MBA)

This semester, I am teaching the MBA Management of Technology and Innovation class, Thursdays 6-9 pm. Office hours are as noted above, though the hour before class, MBA students will be given preference.

Get the syllabus (subject to revision) here (revised 4 September 2008) and the course schedule (also subject to revision) here (revised 4 September 2008).You should also read the "Note on Case Studies", above.

Lecture Notes (available after each lecture)


Research Interests

Entrepreneurship

My main line of research is on the economic impacts of entrepreneurship. I examine the role that the formation of new, independent business has on economic growth, wealth distribution, and so forth. I am particularly interested in new business formation in the high technology sector; these businesses tend to have a disproportionate impact on their environment. I also look at the role of government in influencing entrepreneurship, and how governments can reshape policies to encourage greater entrepreneurship. I prefer a "neo-Schumpeterian" approach to the analysis of entrepreneurship and innovation, but also use a variety of other economic and statistical models to aid in understanding the interplay of entrepreneurship, economics, and public policy.

Entrepreneurship, Innovation, and Wealth Distribution: The Impact of Creative Destruction on Income Inequality with Rögnvaldur J. Saemundsson and Bruce Kirchhoff (to be published in International Small Business Journal (link will be available after publication)) 

Technology and Economic Disruption

This line of research deals primarily with the economic impacts of technological change. Specifically, I look at the role of technology in mitigating the negative impacts of exogenous economic disruptions. One instance of this is the current situation with the electrical grid in the United States. A variety of technologies are available which could ease the load on the grid and make it more reliable, reducing the likelihood of blackouts, price spikes, and so forth, and the associated economic disruption. Another case is the response of the country to terrorism; as we divert resources from productive to protective purposes, our economy will suffer. Technology can help address that. Combining the two cases, we can use new technologies to make the electrical grid less vulnerable to single points of failure which might be the targets of terrorist attacks.

September 11th, 2001: Assessing the Costs of Terrorism with Peter Navarro (in Milken Review, Fall 2001)

Additional articles and working papers will be made available soon.


Selected Publications

Journals

Spencer, Aron S., Rögnvaldur J. Saemundsson and Bruce A. Kirchhoff, "Entrepreneurship, Innovation, and Wealth Distribution: The Impact of Creative Destruction on Income Inequality", accepted at International Small Business Journal.

Spencer, Aron S. and Bruce A. Kirchhoff, "Schumpeter and New Technology Based Firms: Towards a Framework for How NTBFs Help Cause Creative Destruction", being revised for International Entrepreneurship and Management Journal

Navarro, Peter and Aron S. Spencer, "September 11, 2001: Assessing the Costs of Terrorism" Milken Institute Review, Fourth Quarter 2001, pp. 16-32.

Elliott, Ward E. Y. and Robert J. Valenza, "And Then There Were None: Winnowing the Shakespeare Claimants," Computers and the Humanities 30:191 (April 1996) (article based on the following:)

Elliott, Ward E. Y., et al., "Matching Shakespeare, 1995: Computer Testing of Elizabethan Texts for Common Authorship with Shakespeare. Final report of 1992-94 Shakespeare Clinics," CMC Practicum Program, 1995 (Member of 1992-93 Shakespeare Clinic).

Current Working Papers

"Public Policy and University Patenting Activity", Working Paper, Target Journal IEEE Transactions on Engineering Management

"Legal Infrastructure, and Entrepreneurship: An International Comparison", Working Paper, target journal: Entrepreneurship Theory and Practice

"Entrepreneurship: Re-mapping the Winds of Creative Destruction", Working Paper, target journal: Research Policy

"A Reexamination of Zipf´s Law: Evidence from Current and Historical Data", Working Paper

"Economic Fallout of the Y2K Bug: The Impact of Time-shifted IT Spending", Working Paper