The 2016 Hurwicz Lecture

(…) if implementation is impossible or prohibitively costly, even the most attractive mechanism remains a utopia.
Leonid Hurwicz, Nobel Prize Lecture, 2007

The 2016 Hurwicz keynote address was given by prof. James J. Heckman (University of Chicago) on the following topic: “Intergenerational Mobility: Sources and Mechanisms. A Comparison of the U.S. and Scandinavia.”