Two months ago scarcely anyone but economists had even heard of mechanism design. Suddenly, it has notoriety worthy of an Elvis Presley ( a man who) somehow manages to attract a huge public following without even trying. Indeed, he can't very well try since he's been dead for 30 years. Yet, isn't it remarkable that, for one week a year, that kind of attention is focused not just on economics, but on physics, chemistry, medicine, and literature. And for that astounding accomplishment, I'd like to express my warmest appreciation to the Nobel Foundation and the Nobel awarding bodies.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Two months ago scarcely anyone but economists had even heard of mechanism design. Suddenly, it has notoriety worthy of an Elvis Presley ( a man who) somehow manages to attract a huge public following without even trying. Indeed, he can't very well try since he's been dead for 30 years. Yet, isn't it remarkable that, for one week a year, that kind of attention is focused not just on economics, but on physics, chemistry, medicine, and literature. And for that astounding accomplishment, I'd like to express my warmest appreciation to the Nobel Foundation and the Nobel awarding bodies." in the context of "Eric Maskin, US economist and one of three 2007 Nobel laureate in Economics as stated in his acceptance speech at the Nobel Foundation, in Sweden and as published by nobelprize.org" to mean that wisdom is timeless.