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Leonid Hurwicz | Economics Nobelist, 90

Leonid Hurwicz, 90, who shared the Nobel Prize in economics last year for developing a theory that helps explain how buyers and sellers can maximize their gains, has died. He died Tuesday of natural causes, said Mark Cassutt, spokesman for the University of Minnesota, where Mr. Hurwicz was an emeritus economics professor. Mr. Hurwicz was given his prize in Minneapolis in December because he couldn't make the trip to Stockholm. He was the oldest person ever to win a Nobel, according to the Royal Swedish Academy of Sciences. He shared his prize with Eric S. Maskin, a professor at the Institute for Advanced Study at Princeton; and Roger B. Myerson, 56, a professor at the University of Chicago. Essentially, the three men, starting in 1960 with Mr. Hurwicz, studied how game theory can help determine the best, most efficient method for allocating resources, the academy said. - AP

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Leonid Hurwicz, 90, who shared the Nobel Prize in economics last year for developing a theory that helps explain how buyers and sellers can maximize their gains, has died.

He died Tuesday of natural causes, said Mark Cassutt, spokesman for the University of Minnesota, where Mr. Hurwicz was an emeritus economics professor.

Mr. Hurwicz was given his prize in Minneapolis in December because he couldn't make the trip to Stockholm. He was the oldest person ever to win a Nobel, according to the Royal Swedish Academy of Sciences.

He shared his prize with Eric S. Maskin, a professor at the Institute for Advanced Study at Princeton; and Roger B. Myerson, 56, a professor at the University of Chicago.

Essentially, the three men, starting in 1960 with Mr. Hurwicz, studied how game theory can help determine the best, most efficient method for allocating resources, the academy said.

- AP

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