Hurwicz Book Project
On Designing Institutions and Other Essays: Collected Papers of Leonid Hurwicz
Leonid Hurwicz (1917-2008) was a major figure in modern theoretical economics whose many contributions over 65 years spanned at least 5 areas: (1) nonlinear programming, (2) econometrics, (3) decision theory, (4) microeconomic theory, and (5) mechanism design.
In 2007, at age 90, he received the Nobel Prize in Economics (shared with Eric Maskin and Roger Myerson) for pioneering the field of mechanism design and incentive compatibility. This work has impacted resource allocation in all its complexity, from the sale of licenses for the electromagnetic spectrum conducted by the Federal Communications Commission, to the National Resident Matching Program that matches thousands of medical residents with hospitals every year in the United States.
While some of Leo’s papers were published in journals, many remain scattered as chapters in books or were unpublished, and are difficult to obtain. The Heller-Hurwicz Economics Insitute is working with Dr. Samiran Banerjee (’92, Ph.D.), one of Leo's former students, and Oxford University Press, a major not-for-profit publisher, to publish his collected papers in 6 volumes.
In addition to his collected works, the volumes will include prefaces written by his colleagues, co-authors and students which will provide the context for and highlight the importance of his research. Given the scattered nature of Leo's publications spanning over 65 years and the many papers that he did not publish, this project will preserve his legacy and enable future researchers to build on his work.