I was writing something else about scabies, but I changed my mind after looking at this site for a few minutes. If you go to that site you’re going to see some funny looking things. When you see it, I know what most of you will be left thinking— this is just ridiculous looking half-baked resellers blog with an author that is focused on scabies. Do not let your eyes deceive you. The stuff the owner has written and made is brilliant and the apple hasn’t fallen far from the tree, because he’s the son of a king.
The owner of that site is Maxim Hurwicz. Now I got into discussions of very specific sort of applied game theory on this blog which did not go over so well with the bulk of my audience, and if you’re a better learned scholar than myself you will immediately recognize that surname.
Maxim is the son of Leonid Hurwicz. Leonid won the Nobel prize in economics for having laid the foundations of mechanism design theory. It’s one of the most important pieces of work in game theory for modern day capitalism. While Maxim is quite careful to not say too much to his audience (because he’s not a doctor), there’s some really good content on his blog and various other resources he’s put together online. He’s also apparently engaged in selling 2 pieces of land and a red barn if you happen to be looking for land in Minnesota.
It’s amazing to see someone like this cheering for Spinosad amongst other things. He’s also quite the singer as there’s a number of poet songs he’s made.
"In markets it sometimes happens that buyers and sellers fail to agree about the price. Thus, not all beneficial transactions are carried out. Projects of common interest are sometimes not realized because the parties involved cannot agree how cost should be shared."
The theory by Hurwicz, later refined by Eric Maskin and Roger Myerson, helped set principles that have guided economic policy ever since.
At the Minnesota recognition ceremony, Hurwicz's son Maxim Hurwicz portrayed his father as an imaginative visionary who approached theoretical economics with honesty and optimism.
"Ultimately, are all people only motivated by their own self-interest? Do we have to be influenced with threats and rewards to follow the rules?" said Maxim Hurwicz. "That's a pretty depressing, pessimistic way to look at the world -- like it's all just a rat race. So, Leo wondered, are there people who behave in an ethical way simply because it is in them to do so?"

The answer is "yes," and Leo Hurwicz named those people "interveners."
The weight of this family on the modern life is not something to be taken lightly. I was speaking to a neurologist about the strings of an incentive I saw on the development of particular chemotherapy. As a healer and investor, he was happy to see it approved. But my mood was rather somber over the weight of what appears to have been done, and I even shared photos past of conversations I’ve had with him— the incentive was staring both of us right in the face. Seeing it felt like a gut shot that’s made me sick.
I hope his son can still see past the rat race. It can be difficult.
Is there any chance we go back to the value investing blog that you marketed and everyone paid for?
This and the “game theory content” has been a huge deviation from what I believe the majority of readers joined for. We don’t expect every post to be a new pitch but it has been surprising how far we have come from the original blog focus.