James Mirrlees

Quotes

• “Economics takes a while to learn, even if much of it is in a way quite simple. It is simple to be wrong as well as to be right, and it is none too easy to distinguish between them.”
• “I must confess that I had expected the rigorous analysis of income taxation in the utilitarian manner to provide arguments for high tax rates. It has not done so.”
• “The income tax is a much less effective tool for reducing inequalities than has often been thought.”
• “An approximately linear income tax schedule is desirable; and in particular negative income tax proposals are strongly supported,”

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Key facts

Born

( 1936-07-05 ) 5 July 1936, Minnigaff , Scotland

Died

29 August 2018 (2018-08-29) (aged 82), Cambridge , England

Education

University of Edinburgh ( MA ), Trinity College, Cambridge ( PhD )

Doctoral advisor

Richard Stone

Discipline

Political economics

Institutions

Chinese University of Hong Kong , Oxford University , University of Cambridge

Doctoral students

Partha Dasgupta , Nicholas Stern , Peter J. Hammond , Franklin Allen , Barry Nalebuff , Geoffrey M. Heal , Huw Dixon , Anthony Venables , John Vickers , Alan Manning , Gareth Myles , Paul Seabright , Hyun-Song Shin , Zhang Weiying

Notable ideas

Asymmetric information , Moral Hazard , Optimal income taxation , Zero population growth , Spence–Mirrlees condition

Awards

Nobel Memorial Prize in Economic Sciences (1996)

Website

Information at IDEAS / RePEc

via Wikipedia infobox

Wikidata facts

Image

Sir James Mirrlees.jpg

via Wikidata · CC0