Leonid Hurwicz
Born:
21-Aug
-
1917
Birthplace:
Moscow, Russia
Died:
24-Jun
-
2008
Location of death:
Minneapolis, MN
Cause of death:
unspecified
Gender:
Male
Religion:
Jewish
Race or Ethnicity:
White
Sexual orientation:
Straight
Occupation:
Economist
Nationality:
United States
Executive summary:
Mechanism design theory
Leonid Hurwicz was awarded the Nobel Prize in Economics in 2007, for his work on mechanism design, a sub-field of economics that explores inefficient markets, wherein buyers and sellers have unequal knowledge of the commodity being exchanged. He was a lawyer when he fled the Nazis and came to America in 1940, and taught meteorology at the University of Chicago for several years before earning recognition as an economist. He wrote extensively on game theory, welfare economics, public economics, and mathematical economics. The concept of mechanism design was originally devised by Hurwicz and developed further by
Eric Maskin
and
Roger B. Myerson
, who shared Nobel honors with Hurwicz. Ninety years of age when he received his laurels, he was the oldest person to receive the Nobel Prize in any category.
Wife:
Evelyn Jensen Hurwicz (teaching assistant, b. 1921)
Daughter:
Sarah Hurwicz
Son:
Michael Hurwicz
Daughter:
Ruth Hurwicz
Son:
Maxim Hurwicz
Law School:
LLM, Warsaw University (1938)
University:
London School of Economics
University:
University of Chicago
University:
Harvard University
Teacher:
Meteorology, University of Chicago (1942-44)
Teacher:
Economics, University of Minnesota (1951-69)
Professor:
Economics, University of Minnesota (1969-)
National Medal of Science
1990
Nobel Prize for Economics
2007 (with
Eric Maskin
and
Roger B. Myerson
)
American Academy of Arts and Sciences
American Economic Association
Econometric Society
President (1969)
National Academy of Sciences
1974
Naturalized US Citizen
Jewish Ancestry
Polish Ancestry
Official Website:
http://www.econ.umn.edu/faculty/hurwicz/
Author of books:
Designing Economic Mechanisms
(
2006
, with Stanley Reiter)
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