U of C Professor wins Noble Prize in Economics
Leonid Hurwicz, Eric Maskin and Roger Myerson, all from the United
States, were awarded the Nobel Prize in economic sciences on Monday for
laying the foundations for mechanism design theory."The theory allows us to distinguish situations in which markets
work well from those in which they do not," the Royal Swedish Academy
of Sciences said in Stockholm. "It has helped economists identify
efficient trading mechanisms, regulation schemes and voting procedures."
That bumps the number of Prize winners with University of Chicago ties up to 80. Impressive.
Related posts:
- Nobel-winning “mechanism design theory” explained Nobel-winning "mechanism design theory" explained Ars takes a look at...
- What are you saying? - February Edition What are you saying? - February Edition My continuing mission:...
- Economics 101 [Translated] Economics 101 [Translated] [via GetRichSlowly] ...
- The Myth of Prodigy The Myth of Prodigy One [way to answer the question...
- Post-college earnings Which College Grads Earn the Most? University of Chicago students,...
Related posts brought to you by Yet Another Related Posts Plugin.
4 Comments
I wasn’t aware that they gave a “Peace in Economics” prize. Are economist disputes that vicious?
Ivan
Lol. Thanks for the catch. And yes, economics is a blood sport here at U of C.
I believe that FOX News has recently decreed that Nobel prizes are not only useless, but probably also so harmful to one’s reputation that it might be better to reject them.
Well, it is said in literary circles that it’s a death wish for fiction authors. But I tend to deny anything that anyone in the media - including Fox - “decrees.”