October 15 - 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.
Office
of News and Public Information |
Science in the Headlines |
| Copyright © 2006. National Academy of Sciences. All rights reserved. 500 Fifth St. N.W., Washington, D.C. 20001. | |