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| | "An Economist's Economist" -- Monday, Oct. 31, 1983 -- Page 1 -- TIME (Site not responding. Last check: 2007-10-11) |
 | | The academy announced that it was awarding the 1983 Nobel Prize in Economics to Debreu, 62, for three decades of distinguished achievement. |
 | | Debreu's 1959 classic showed that a freely competitive economy can, in theory, reach a state in which supply balances demand in every market and there are neither shortages nor surpluses of any product. |
 | | As a teacher, Debreu is known for jotting mathematical formulas in the upper left-hand corner of a flboard at the beginning of a lecture and then gradually covering every bit of remaining space with symbols, until he ends up in the lower right-hand corner. |
| www.time.com /time/magazine/article/0,9171,921376,00.html (748 words) |
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