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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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Eric Maskin

Eric Maskin

(p.349) Eric Maskin
Lives of the Laureates

Roger W. Spencer

David A. Macpherson

The MIT Press

This chapter looks at the career of Eric S. Maskin, Nobel Prize recipient in 2007. Maskin was born in 1950 and completed his doctorate in mathematics at Harvard University in 1976. Ken Arrow, Leo Hurwicz, and Andy Postlewaite influenced Maskin's decision to switch his specialism to economics. He became a professor of economics at MIT in 1981 and an Adams University professor at Harvard in 2012. He worked on mechanism design, the engineering part of economic theory. Two applications of mechanism design theory he is very concerned with are climate change and the ongoing financial crisis. Taxation, Incomplete Markets and Social Security and Reforming Pensions: Principles and Policy Choices, 2008 are two of his key works.

Keywords:   Eric S. Maskin, Ken Arrow, Leo Hurwicz, Andy Postlewaite, economic mechanism design, climate change

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