James Mirrlees, Scotish economist

James Mirrlees, Scotish economist

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Caption: Sir James Mirrlees (b.1936), Scotish economist and Nobel laureate. He was educated at the University of Edinburgh and Trinity College, Cambridge and taught at Oxford, Cambridge and at MIT. His research led to a theoretical model of political economy in which asymmetrical (or incomplete) information determines the optimal rate of saving in the economy. In 1996 this work earned Mirrlees the Nobel Prize in Economic Sciences. Photographed at St.Petersburg, Russia, in 2010.

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