NAS Member Shares Nobel in Economics

October 15, 2007 -- Leonid Hurwicz will take a third of the 2007 Nobel Prize in Economics "for having laid the foundations of mechanism design theory" – a theory that has helped economists determine when markets work best, as well as design more efficient trading mechanisms, regulation schemes, and voting procedures. Hurwicz, a member of the National Academy of Sciences, will share the prize with Eric S. Maskin and Roger B. Myerson.

• Leonid Hurwicz - University of Minnesota
• Nobel Assembly Prize Announcement