Quote of the day
Only this incident inseparable every custom must have, viz., that it be consonant to reason; for how long soever it hath continued, if it be against reason, it is of no force in law.
Leonid Hurwicz
Born: August 21, 1917
Died: June 24, 2008 (aged 90)
Bio: Leonid "Leo" Hurwicz was a Polish-American economist and mathematician, born in Moscow. He originated incentive compatibility and mechanism design, which show how desired outcomes are achieved in economics, social science and political science.