Select Page

Eric Maskin

Nobel Prize Laureate in Economics, 2007

Eric Maskin Biography

Eric S. Maskin is probably best known for his work on the theory of mechanism design for which he shared the 2007 Nobel Memorial Prize in Economics. He has made contributions to many other areas of economics as well, including the theory of income inequality, the study of intellectual property rights and political economy.

Eric Stark Maskin is an American economist who shared the 2007 economics prize with Leonid Hurwicz and Roger Myerson for laying the foundations of mechanism design theory. The theory, initiated by Hurwicz, allows economists to distinguish situations in which markets work well from those in which they do not. It takes into account information about individual preferences and available production technologies which is usually dispersed among many parties who may use their private information for selfish ends.

Maskin and Myerson each developed the theory further, greatly enhancing our understanding of the properties of optimal allocation mechanisms in such situations, accounting for individuals’ incentives and private information. The theory has helped economists identify efficient trading mechanisms, regulation schemes and voting procedures and it is of importance not only to economists but in several areas of political science. Maskin, whose own work has influenced many areas of economics, political science and law, seems genuinely touched by his award, saying: “It is particularly thrilling to share it with two such distinguished colleagues. Leo Hurwicz is the father of mechanism design theory and has inspired much of my work and Roger Myerson is an old friend and collaborator and a tremendous economist.”

Maskin was born in 1950 in New York. He attended Harvard University where he received his BA in 1972, his MA in 1974 and his PhD in applied mathematics in 1976. He then visited England as a Research Fellow at Jesus College, Cambridge from 1976–77 before returning to the US to teach at MIT from 1977–84. In 1985 he moved to Harvard University, where he was named Louis Berkman Professor of Economics in 1997. In 2000, he moved to the Institute for Advanced Study in Princeton, New Jersey, where he is the Albert O Hirschman Professor of Social Science and a visiting lecturer in economics at Princeton University.

Maskin works in many areas of economics, including game theory, social choice theory, political economy, the economies of intellectual property and voting theory. He was a designer of the British governments carbon dioxide emissions auction. Maskin suggested that software patents inhibit progress, arguing that innovation in semiconductor and computer industries has been sequential and complementary, so competition can increase firms’ future profits. Indeed, cross-licensing in the industry is common.

He is a past president of the Econometric Society, a fellow of the American Academy of Arts and Sciences, corresponding fellow of the British Academy and an honorary fellow of St John’s College, Cambridge. He has also served as editor of The Quarterly Journal of Economics and Economics Letters. He is married to Dr. Gayle E. Sawtelle, who is lecturer in history at Princeton University. They live in a house on Mercer Street that used to belong to Albert Einstein.

Eric Maskin Videos

Eric Maskin‘s Topics

Economic Theory

No further information on this topic

Income Inequality

No further information on this topic

Theory of Repeated Games

No further information on this topic

Political Economy

No further information on this topic

Theory of Coalition Formation

No further information on this topic

Mechanism Design

No further information on this topic

The Pros and Cons of Intellectual Property Rights

No further information on this topic

Theory of Voting/ Comparing Different Voting Systems

No further information on this topic

Books by Eric Maskin

Eric Maskin book
Eric Maskin book
Eric Maskin book
Eric Maskin book

Check Availability

  • Complete the form below to find out if Eric Maskin is available to speak at your event.

    Regrettably we cannot give Eric Maskin's email or contact details under any circumstances. Nor can we contact Eric Maskin on your behalf unless it is for a genuine speaking engagement.

  • We take the security of your data seriously as explained in our Privacy Policy. Any personal data you submit (including any sensitive personal data as defined in the Data Protection Act) will be stored in our database for the purposes of providing our services to you and your company.
  • Be the first to get news of the latest thinking, ideas and trends as well as updates on new speakers and the latest books, articles and news from the top speakers and thought leaders in the world.
  • This field is for validation purposes and should be left unchanged.

THE SPEAKER SHOW

Fireside chat with Mark Pollock

Mark Pollock, resilience speaker describes the choice between being a spectator and a competitor, and how to distinguish between optimism and realism.

Fireside Chat With Roger Bootle

Fireside Chat With Roger Bootle

Listen as Roger Bootle, top economist, discusses the effects of robotics on our world, Brexit, inflation and his love of history.


LATEST ARTICLES


LATEST PODCASTS


LATEST VIDEOS

Scale The Future

Scale The Future

Terence Mauri is an Inc. Top 100 keynote speaker and best-selling author, click through to watch his ‘Scale the Future’ keynote address video.


  • We take the security of your data seriously as explained in our Privacy Policy. Any personal data you submit (including any sensitive personal data as defined in the Data Protection Act) will be stored in our database for the purposes of providing our services to you and your company.
  • This field is for validation purposes and should be left unchanged.

Get in touch

Speakers Associates Ltd
15 Kinghorn Park
Maidenhead
Berkshire
SL6 7TX

+44 (0)1628 636600

info@speakersassociates.com

Follow us on