The 2012 Hurwicz Lecture

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

The 2012 Hurwicz inaugural keynote address was given by prof. Richard Blundell (University College London and Institute for Fiscal Studies) on the following topic: “Empirical Evidence and Tax Reform: Lessons from the Mirrlees Review.”