Polish–American economist and mathematician (1917–2008)
Leonid Hurwicz
Hurwicz in 2005
Born
(1917-08-21)August 21, 1917
Moscow, Russian Republic
Died
June 24, 2008(2008-06-24) (aged 90)
Minneapolis, Minnesota, United States
Citizenship
Polish, American
Academic career
Institution
University of Minnesota Iowa State College Cowles Commission University of Chicago
Alma mater
University of Warsaw Graduate Institute of International Studies London School of Economics
Doctoral students
Clifford Hildreth Stanley Reiter Daniel McFadden Richard B. McHugh Leigh Tesfatsion Myrna Wooders
Influences
Tjalling Koopmans Jacob Marschak Friedrich Hayek
Contributions
Mechanism design
Awards
National Medal of Science (1990) Nobel Memorial Prize (2007)
Information at IDEAS / RePEc
Leonid Hurwicz (Polish pronunciation:[lɛˈɔɲitˈxurvitʂ]; August 21, 1917 – June 24, 2008) was a Polish–American economist and mathematician, known for his work in game theory and mechanism design.[1][2] He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences (with Eric Maskin and Roger Myerson) for his seminal work on mechanism design.[3] Hurwicz was one of the oldest Nobel Laureates, having received the prize at the age of 90.
Hurwicz was educated and grew up in Poland, and became a refugee in the United States after Hitler invaded Poland in 1939. In 1941, Hurwicz worked as a research assistant for Paul Samuelson at the Massachusetts Institute of Technology and Oskar Lange at the University of Chicago. He was a research associate for the Cowles Commission between 1942 and 1946. In 1946 he became an associate professor of economics at Iowa State College. Hurwicz joined the University of Minnesota in 1951, becoming Regents' Professor of Economics in 1969, and Curtis L. Carlson Professor of Economics in 1989. He was Regents' Professor of Economics (Emeritus) at the University of Minnesota when he died in 2008.
Hurwicz was among the first economists to recognize the value of game theory and was a pioneer in its application.[4][5] Interactions of individuals and institutions, markets and trade are analyzed and understood today using the models Hurwicz developed.[6]
^"American Jewish Recipients of the Nobel Prize". Archived from the original on 2011-10-09. Retrieved 2009-09-23.
^"Leonid Hurwicz". www.jewishvirtuallibrary.org.
^Ohlin, Pia (15 October 2007). "US trio wins Nobel Economics Prize". Agence France Presse. Archived from the original on 17 October 2007. Retrieved 2007-10-15.
^Kuhn, Harold (introduction) (7 August 2007). "Sample Chapter for von Neumann, John & Morgenstern, Oskar. Theory of Games and Economic Behavior (Commemorative Edition)". Princeton University Press. Archived from the original on 16 October 2007. Retrieved 2007-10-20.
^Higgins, Charlotte (15 October 2007). "Americans win Nobel for economics". BBC News. Retrieved 2007-10-15.
^Lohr, Steve (2007-10-16). "Three Share Nobel in Economics for Work on Social Mechanisms". The New York Times. Retrieved 2007-10-19.
LeonidHurwicz (Polish pronunciation: [lɛˈɔɲit ˈxurvitʂ]; August 21, 1917 – June 24, 2008) was a Polish–American economist and mathematician, known for...
Hurwicz (Hebrew: הורביץ), (Russian: Гурвич) is a surname. Notable people with the surname include: Leonid "Leo" Hurwicz (1917–2008), Jewish Russian-American...
Leonid Vitalyevich Kantorovich (Russian: Леонид Витальевич Канторович, IPA: [lʲɪɐˈnʲit vʲɪˈtalʲjɪvʲɪtɕ kəntɐˈrovʲɪtɕ] ; 19 January 1912 – 7 April 1986)...
pairs sprint canoer Leonid Gobyato (1875–1915), Russian lieutenant-general and designer of the modern, man-portable mortar LeonidHurwicz (1917–2008), Russian-born...
Riksbank Prize in Economic Sciences in Memory of Alfred Nobel with LeonidHurwicz and Eric Maskin for "having laid the foundations of mechanism design...
studies solution concepts for a class of private-information games. LeonidHurwicz explains that "in a design problem, the goal function is the main given...
Kenneth J.; Hurwicz, Leonid (1977), "Appendix: An optimality criterion for decision-making under ignorance", in Arrow, Kenneth J.; Hurwicz, Leonid (eds.),...
jointly awarded the 2007 Nobel Memorial Prize in Economic Sciences with LeonidHurwicz and Roger Myerson "for having laid the foundations of mechanism design...
Lloyd Shapley, Alvin Roth, Robert Aumman, Roger Myerson, Eric Maskin, LeonidHurwicz, Reinhard Selten, Edmund Phelps, Oliver Hart, Paul Milgrom and Gerard...
Dutch-American mathematician and economist. He was the joint winner with Leonid Kantorovich of the 1975 Nobel Memorial Prize in Economic Sciences for his...
Literature, 2010 Maria Ressa, Peace, 2021 Olga Tokarczuk, Literature, 2018 LeonidHurwicz*, born in then Russian Republic (now Russia), Economics, 2007 Wisława...
Garfin - biophysicist Robert R. Gilruth - directed the U.S. Moon landing LeonidHurwicz - economist, academician Finn E. Kydland - economist Edward B. Lewis...
mechanism design. In 2006, he and the 2007 Nobel prize-winning economist LeonidHurwicz authored the book Designing Economic Mechanisms. Reiter completed his...
(1962). While at the University of Minnesota, his graduate advisor was LeonidHurwicz, who was awarded the Economics Nobel Prize in 2007. In 1964, McFadden...
Robert J. Aumann / Thomas C. Schelling 2006: Edmund S. Phelps 2007: LeonidHurwicz / Eric S. Maskin / Roger B. Myerson 2008: Paul Krugman 2009: Elinor...
Robert J. Aumann / Thomas C. Schelling 2006: Edmund S. Phelps 2007: LeonidHurwicz / Eric S. Maskin / Roger B. Myerson 2008: Paul Krugman 2009: Elinor...
Robert J. Aumann / Thomas C. Schelling 2006: Edmund S. Phelps 2007: LeonidHurwicz / Eric S. Maskin / Roger B. Myerson 2008: Paul Krugman 2009: Elinor...
the assumption of common knowledge and of its consequences. In 2007, LeonidHurwicz, Eric Maskin, and Roger Myerson were awarded the Nobel Prize in Economics...
Robert J. Aumann / Thomas C. Schelling 2006: Edmund S. Phelps 2007: LeonidHurwicz / Eric S. Maskin / Roger B. Myerson 2008: Paul Krugman 2009: Elinor...
Designing Economic Mechanisms is a 2006 book by economists LeonidHurwicz and Stanley Reiter. Hurwicz received the 2007 Nobel Memorial Prize in Economic Sciences...
Maynard Smith John Nash John von Neumann Kenneth Arrow Kenneth Binmore LeonidHurwicz Lloyd Shapley Melvin Dresher Merrill M. Flood Olga Bondareva Oskar Morgenstern...
Robert J. Aumann / Thomas C. Schelling 2006: Edmund S. Phelps 2007: LeonidHurwicz / Eric S. Maskin / Roger B. Myerson 2008: Paul Krugman 2009: Elinor...
survivor Richard B. Hetnarski (born 1928), Polish-American engineer LeonidHurwicz (1917–2008), economist, mathematician, Nobel Prize in Economics (2007)...