Name: Maurice Allais.
Real Name: Maurice Félix Charles Allais.
Country: France.
Date of Birth: May 31, 1911.
Died: October 09, 2010.
Education: Graduated from the Ecole Polytechnique in Paris, Economics at the Ecole Nationale Superieure des Mines de Paris, and Doctor-engineer from the University of Paris.
Popularly Known: Market equilibrium and efficiency.
Profession: Physicist, Economist, and Professor of Economics.
Noble Prize Year: Nobel Prize for Peace in 1988, for his pioneering contributions to the theory of markets and efficient utilization of resources.
Maurice Allais was the author of several theoretical and practical economic works, with a particular emphasis on the development of mathematical economics in the fields of general equilibrium theory, capital theory, decision theory, and monetary policy. Research aimed to balance social benefits with economic effectiveness in the pricing plans of state-owned monopolies, such as utility companies.
