Record, Relief in Nobel Win -- Prof, 90, Among 3 for Economics

Summary


NEW YORK - Three U.S. economists, one of them a 90-year-old professor emeritus from Minnesota, will share this year's Nobel prize in economics for their work on how people's knowledge and self- interest affect their behavior in the market or in social situations such as voting and labor negotiations.

Leonid Hurwicz, who lives in south Minneapolis, is the oldest winner ever of the Nobel, the Royal Swedish Academy of Sciences said in their announcement on Monday.

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Record, Relief in Nobel Win -- Prof, 90, Among 3 for Economics

His work - along with that of Eric Maskin and Roger Myerson, who both are 56 - led to a theory that plays a wide-ranging role in contemporary economics and...

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