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Biography |
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Eric Maskin is an economic theorist best known for his work on the theory of mechanism design. For laying the foundations of this field he shared the 2007 Nobel Memorial Prize in Economics. He has also made contributions to game theory, political economy and, contract theory, among other areas.
A.B., Harvard University, 1972; Ph.D., Harvard, 1976; Research Fellow, Jesus College, Cambridge, 1976-77; Professor, Massachusetts Institute of Technology, 1981-84; Professor, Harvard, 1985-2000, Louis Berkman Professor of Economics, Harvard, 1997-2000; Albert O. Hirschman Professor, Institute for Advanced Study, 2000-; Director, Summer School in Economic Theory, Hebrew University, 2008-; Guggenheim Fellow, 1981; Sloan Foundation Fellow, 1983-85; Editor, Quarterly Journal of Economics, 1984-1990; Fellow, American Academy of Arts and Sciences; Fellow, Econometric Society (President, 2003), Editor, Economics Letters 1992-; Honorary Fellow, St John's and Jesus College, Cambridge; Kempe Award, Environmental Economics, 2007; Corresponding Fellow, British Academy; Honorary Professor, Wuhan University, Tsinghua University, Moscow Higher School of Economics, and Shenzhen University; Nobel Prize in Economic Sciences; Member, National Academy of Sciences; Doctor of Humane Letters, Bard College; Doctorate honoris causa, Corvinus University of Budapest and University of Cambodia; President-elect, Game Theory Society.
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Abstract |
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"Mechanism Design: How to Implement Social Goals"
The theory of mechanism design can be thought of as the engineering side of economic theory. One begins by identifying a social or economic goal. The theory then addresses the question of whether or not an appropriate institution or procedure (that is, a mechanism) could be designed to attain that goal. |
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