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Leonid Hurwicz
1917-2008
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complete name:   Leonid Hurwicz
nobel prize:   economics
award year:   2007
together with:   Roger Myerson
together with:   Eric Maskin
prize share:   Prize share: 1/3
rational:   The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 was awarded jointly to Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson "for having laid the foundations of mechanism design theory."
biography:   Biography
laureate facts:   Facts
given name:   Leonid
family name:   Hurwicz
occupation:   mathematician
occupation:   economist
field of work:   economics
work location:   University of Chicago, 5801 S Ellis Ave, Chicago, IL, 60637, United States of America
description:   Leonid Hurwicz was a Polish economist and mathematician active in the United States. He originated incentive compatibility and mechanism design, which show how desired outcomes are achieved in economics, social science and political science. Interactions of individuals and institutions, markets and trade are analyzed and understood today using the models Hurwicz developed. To date, Leonid Hurwicz is the oldest Nobel Laureate, having received the prize at the age of 90. Hurwicz was Regents' Professor of Economics (Emeritus) at the University of Minnesota. He was among the first economists to recognize the value of game theory and was a pioneer in its application. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences with Eric Maskin and Roger Myerson for their work on mechanism design.
image copyright:   © The Nobel Foundation Photo: U. Montan
image citation:   The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007. NobelPrize.org. Nobel Media AB 2018. <https://www.nobelprize.org/prizes/economic-sciences/2007/summary/>
date birth:   1917
date death:   2008
usual name:   Leonid Hurwicz