Nobel Lecture

Nobel Prize Lecture, December 8, 2005

A pre-recorded version of Leonid Hurwicz' Prize Lecture was presented on 8 December 2007 at Aula Magna, Stockholm University. The lecture was introduced by Professor Jorgen Weibull, Chairman of the Economics Prize Committee.

When we leave our closet, and engage in the common affairs of life, (reason's) conclusions seem to vanish, like the phantoms of the night on the appearance of the morning; and 'tis difficult for us to retain even that conviction, which we had attained with difficulty (Hume, 1739/, p 507). we...

Lecture to the memory of Alfred Nobel, December 11, 1974

I was born in the city of New York on August 23, 1921. My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents. I was graduated in 1940 with a degree of Bachelor of Science...

Lecture to the memory of Alfred Nobel, December 12, 1972

Young Einsteins and Bohrs may have been inspired to be more creative and harder workers by the dream of winning a Nobel Prize. Since there was no political economy Nobel award before 1968, that could not have been an operative motive for my generation of economists.

In conjunction with its tercentenary celebrations in 1968, Sveriges Riksbank (the central bank of Sweden) instituted a new award, "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" on the basis of an economic commitment by the bank in perpetuity. The award is given by...

Lecture to the memory of Alfred Nobel, December 8, 1977