EM
Philosophy & Social Sciences

Eric Maskin

Who

Eric Maskin · Philosophy & Social Sciences

What

Nobel laureate (2007) for developing the theory of mechanism design

When

1950, New York City, USA

Where

United States

Biography

Eric Maskin is recognized among Jewish contributors to Philosophy & Social Sciences — Nobel laureate (2007) for developing the theory of mechanism design

How & why

Eric Maskin, from a Jewish family and raised in New Jersey, is an economist at Harvard. He helped create the theory of mechanism design, which works backwards from a desired social outcome to design the rules of a market, auction or voting system so that self-interested participants are led to produce it. This framework guides the design of auctions, regulation and elections, and he shared the 2007 Nobel Prize in Economic Sciences.

Sources & external links

Verify and go deeper with these external references.

Source: Jinfo.org — Jews in Economics

Contributions & Sources

Nobel laureate (2007) for developing the theory of mechanism design

1950

Source: Jinfo.org — Jews in Economics