THE 2007 NOBEL PRIZE IN ECONOMICS

Three economists were awarded the Nobel Prize this year:

Leonid Hurwicz
Eric Maskin
Roger Myerson

The Royal Swedish Academy of Sciences has lauded the three laureates "for having laid the foundations of mechanism design theory". Their work explains how transactions can be made so that outcomes are beneficial both for the agents who carry them out, and for the economy as a whole.
(see: http://nobelprize.org/nobel_prizes/economics/laureates/2007/press.html).

The University of Warsaw's Faculty of Economic Sciences takes special pride in the fact that the Nobel Prize was awarded to Leonid Hurwicz, for Professor Hurwicz is a class of 1938 alumnus of the University of Warsaw. He graduated from the Faculty of Law, as that is where economics was taught in those years.

Professor Hurwicz has spent most of his life at American universities. But he has visited his Alma Mater several times. On October 4, 1989, at the Faculty of Economic Sciences, he gave a seminar entitled "Towards a theory of economic mechanism" (please see the note he left in our Guest Book).

Congratulations, Professor Hurwicz!

Tomasz Żylicz
Dean, Faculty of Economic Sciences, University of Warsaw