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/ 15 October 2007

American trio wins 2007 Nobel Economics Prize

American economists Leonid Hurwicz, Eric Maskin and Roger Myerson won the 2007 Nobel Prize for Economics on Monday for laying the foundations of an economic theory that determines when markets are working effectively. Hurwicz, Russian-born but an American citizen, is 90 years old and is the oldest-ever recipient of a Nobel Prize.