Nobel Prize Winners

From the WSJ:

Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel prize in economics on Monday for developing a theory that helps explain how incentives and private information affect the functioning of markets.

For those who want it, here is more information about the men and their work:

• Scientific Background
• Leonid Hurwicz, Wikipedia
• Roger Myerson, homepage
• Eric Maskin, Wikipedia
• The Influence of Hayek on Hurwicz (HT: The Austrian Economists)
• Thoughts from Arnold Kling, Alex Tabarrok, and Tyler Cowen.
• Readings on mechanism design.

UPDATE: Differing perspectives from our friends in the Austrian school:

• Pete Boettke on the influence of Hayek on Hurwicz.
• Thomas DiLorenzo on subjectivism and market design theory.