The curve of binding history


From this lead paragraph in a BusinessWeek story could come a heck of a semester of high school economics:

Leonid Hurwicz was born in Moscow in 1917, the year that Vladimir Lenin led the Bolshevik seizure of power in Russia. Ninety years later—on Oct. 15, 2007—Hurwicz was awarded a Nobel prize in economics, in part for explaining the fundamental flaw in the central planning that Lenin imposed in the Soviet Union.

This entry was posted on Tuesday, October 16th, 2007 at 3:14 am and is filed under Communism, Economics, Free market economics, History, Lesson plans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to The curve of binding history

  1. mpb's avatar Pam says:
    October 16, 2007 at 11:00 am

    He’s a nonagenarian (like the Sputnik guy) and the oldest Nobelist. Doris Lessing (literature) was the oldest (88) for about 2 days.

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