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SHRM gives me More information can be found at www.beyondgreypinstrips.org and www.AspenCBE.org. Professors Win Nobel in Economics Three U.S. professors have been awarded the 2007 Nobel Prize in Economics for having laid the foundations of mechanism design theory. Leonid Hurwicz is Regents Professor Emeritus of Economics at University of Minnesota, Minneapolis; Eric S. Maskin is Albert O. Hirschman pro- fessor of social science at the Insti- tute for Advanced Study, Princeton University, New Jersey; and Roger B. Myerson is the Glen A. Lloyd Distinguished Service Professor at the University of Chicago in Illinois. They will share the $1.5 million prize equally. They are being honored for work that examines how the mar- ket functions in the less-than-ideal circumstances of the real world, when competition is not always free, consumers are not always perfectly informed, production and consump- tion models generate costs and benefits, and many transactions take place within firms or among interest groups. They have asked a number of different questions: How well do different institutions perform? What is the optimal mechanism to reach a certain goal, such as social welfare or private profit? Is government regulation called for, and how is it best designed? Mechanism design theory allows people to distinguish situations where markets work well from those where they do not. This distinction has led to more efficient trading mechanisms, regulation schemes, and voting procedures. all the right tools. SHRM helps me prepare my students for success after graduation. They gathered practical classroom content from teachers like me and are giving it away on their web site. The materials teach HR within a business context. That gives my students a strategic edge and aligns my institution's HR program with SHRM's curriculum guidelines. HR Content for HR Educators. www.shrm.org/hreducation You too can download new, peer-created HR classroom content from SHRM's web site. BizEd JANUARY/FEBRUARY 2008 9