&host=rt.com&uri=/news/russian-born-economist-wins-nobel-price/&via=(none)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
Russian-born economist wins Nobel Price
Published: 15 October, 2007, 14:35
Leonid Hurwicz
Leonid Hurwicz, a Russian-born economist, is one of three people to be awarded the 2007 Nobel Prize for Economics. He will share the $US 1.5 million prize with Americans Eric Maskin and Roger Myerson. The three developed an economic theory that shows when
Hurwicz, a 90-year-old Moscow-born American citizen, is the oldest-ever recipient of a Nobel Prize.
He initiated the so-called “mechanism design theory”, which looks at the allocation of resources and whether government intervention is needed.
It was developed further by two other scholars, Maskin of Princeton University and Myerson of the University of Chicago.
15.10.2007, 13:48
Foreign firms to partially equip Russian nuclear plantsFirst Deputy Prime Minister, Sergey Ivanov, says Russia is ready to buy some nuclear equipment from overseas companies. Announcing an increase in Government spending on atomic power, Mr Ivanov says it makes sense to work with overseas suppliers. However, |
15.10.2007, 16:35
Top geysers gush againOne of Russia’s greatest natural wonders, the Valley of Geysers on Kamchatka Peninsula in the country’s Far East has re-opened to the public. The picturesque site was closed in June after it was almost destroyed by a mudslide. |
