Guwahati May 9th: Banikanta Kakati Research Institute of KKHSOU organised a lecture on the philosophy of Nobel Laureate Kenneth Joseph Arrow at Sudmerson Hall, Cotton University on 9th May, 2017. The lecture titled “Kenneth Joseph Arrow's Legacy in Contemporary Economy and Public Policy” was delivered by Dr. Gautam Mazumdar, Associate Professor, Department of Economics, Cotton University (formerly Cotton College), Guwahati. Dr. Mazumdar, in his lecture, while elaborating the economic thought of Kenneth J. Arrow stated that the main thrust of Arrow was on the question of how social welfare functions could be formulated. Significantly, Arrow shared the Nobel Memorial Prize in Economic Sciences with British economist, John Hicks in 1972 for their fundamental contributions to the general equilibrium theory. Professor Abu Nasar Saied Ahmed, Honorary Director, Banikanta Kakati Research Institute delivered the welcome address on the occasion. The lecture was attended by key officials and faculty members of KKHSOU and other interested members of the teaching and student communities. The lecture was followed by a stimulating interactive session which saw the active participation of the audience.