The Guardian has an excellent overview of Lazlo Moholy-Nagy's legacy to the field of design, including laying the foundation of the 'New Bauhaus' in Chicago, now known as the Institute of Design. A snippet,

Moholy-Nagy, ever questioning, observed that in the US, "the provocative statement is constantly annulled by chequebook and cocktail party. Am I on the same way?" The most inventive and engaging of all the Bauhaus artists died of leukaemia in 1946, bequeathing to the world one of the prime examples of mass-produced design of the mid-20th century - the 1951 Parker pen.