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Print thisNAS 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.