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This is the first of four volumes of the collected papers of Leonid Hurwicz, one of the premiermathematical economists of the twentieth century whose research spanned over six decades. A co-recipient of the 2007 Nobel Memorial Prize (with Eric Maskin and Roger Myerson) for “laying the foundations of mechanism design”—the design of decentralized institutions to bring about socially desirable outcomes when markets may fail to do so—Leo’s contribution to economics has been far wider, ranging from econometrics, programming, and decision theory to microeconomic theory. It has been said that his classic 1971 paper with Hirofumi Uzawa on the integrability of demand functions alone qualified him for the Nobel.
Volume 1 is intended for an audience of non-specialist readers, a kind of a collector’s edition for those of us who knew him and introducing him to those who did not. I have tried to highlight not just Leo’s intellectual contribution, but also Leo the person. The book is divided into three parts. Part One is biographical, beginning with my essay on Leo’s educational background in economics. This is of special interest since, remarkably, he never received a formal degree in the discipline where he left his mark. In other essays commissioned for this volume, his co-authors and long-time friends, Ken Arrow, Eric Maskin, Tom Marschak, and Roy Radner, provide their own reminiscences. A letter sent to Leo on the occasion of his ninetieth birthday celebration by Paul Samuelson is also included.
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