Key facts
- Nobel laureate James Heckman discussed the value of risk-taking.
- Heckman also commented on China's 'common goal'.
James Heckman, a Nobel laureate and distinguished service professor at the University of Chicago, has dedicated his career to understanding inequality, social mobility, discrimination, and skill formation in labor markets. His research has also included extensive work on China's labor market and early childhood development. In a recent discussion, Heckman touched upon the importance of risk-taking and commented on what he described as China's 'common goal'.