Leonid Hurwicz was a Polish-American economist born on August 21, 1917, in Moscow, Russia. He is best known for his pioneering work in mechanism design theory, which explores how to create economic mechanisms or systems that lead to desired outcomes. In 2007, he was awarded the Nobel Prize in Economic Sciences alongside Eric Maskin and Roger Myerson for their contributions to this field. Hurwicz's academic career included teaching positions at several prestigious institutions, including the University of Minnesota. His research significantly influenced the understanding of how information asymmetry affects economic interactions. Hurwicz passed away on June 24, 2023, leaving a lasting legacy in economics.