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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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