James Mirrlees

Information about James Mirrlees

Professor Sir James Alexander "Jim" Mirrlees, FBA (born 5 July 1936, Minnigaff, Wigtownshire) is a Scottish economist and winner of the 1996 Nobel Prize for Economics. He was knighted in 1998.

He was educated at the University of Edinburgh and Trinity College, Cambridge, where he was a very active student debater. He taught at both Oxford (1969-1995) and Cambridge (1963- and 1995-). During his time at Oxford he published the economic models and equations for which he would eventually be awarded his Nobel Prize. They centred around situations in which economic information is asymmetrical or incomplete, determining the extent to which they should affect the optimal rate of saving in an economy. Among other results, they demonstrated the principles of "moral hazard" and "optimal income taxation" discussed in the books of William Vickrey. The methodology has since become the standard in the field.

Vickrey and Mirrlees shared the 1996 Nobel Prize for Economics "for their fundamental contributions to the economic theory of incentives under asymmetric information".

Mirrlees is emeritus Professor of Political Economy at the University of Cambridge, and Fellow of Trinity College, Cambridge. He spends several months a year at the University of Melbourne, Australia. In 2006, he was appointed Master-Designate of the Morningside College of the Chinese University of Hong Kong, along with the biologist Samuel Sun Sai-ming [1].

He is a member of Scotland's Council of Economic Advisers.

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Biographic speech from The Chinese University of Hong Kong

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Nobel Memorial Prize in Economics Laureates
Milton Friedman (1976) • Bertil Ohlin / James Meade (1977) • Herbert Simon (1978) • Theodore Schultz / William Arthur Lewis (1979) • Lawrence Klein (1980) • James Tobin (1981) • George Stigler (1982) • Grard Debreu (1983) • Richard Stone (1984) • Franco Modigliani (1985) • James M. Buchanan (1986) • Robert Solow (1987) • Maurice Allais (1988) • Trygve Haavelmo (1989) • Harry Markowitz / Merton Miller / William Forsyth Sharpe (1990) • Ronald Coase (1991) • Gary Becker (1992) • Robert Fogel / Douglass North (1993) • John Harsanyi / John Forbes Nash / Reinhard Selten (1994) • Robert Lucas, Jr. (1995) • James Mirrlees / William Vickrey (1996) • Robert C. Merton / Myron Scholes (1997) • Amartya Sen (1998) • Robert Mundell (1999) • James Heckman / Daniel McFadden (2000)
The British Academy is the United Kingdom's national academy for the humanities and the social sciences. It was established by Royal Charter in 1902, and is a fellowship of more than 800 scholars. The Academy is self-governing and independent.
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William Spencer Vickrey (born June 21, 1914 in Victoria, British Columbia - died October 11, 1996 in New York State) was a Columbia University professor, whose Nobel Memorial Prize in Economics was announced just three days before he died.
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The Professorship of Political Economy is a professorship at the University of Cambridge, founded in 1828.

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The Council of Economic Advisers (CEA) is a group of economists who advise the Scottish Government. It was established in 2007, meeting for the first time on 21 September.

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Milton Friedman

Born July 31 1912(1912--)
Brooklyn, New York City
Died November 16 2006 (aged 94)
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Bertil Gotthard Ohlin (pronounced ['bærtil u'li:n]) (23 April 1899 – 3 August 1979) was a Swedish economist and politician. He was a professor of economics at the Stockholm School of Economics from 1929 to 1965.
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James Edward Meade (June 23 1907, Swanage, Dorset – December 22 1995, Cambridge) was a British economist and winner of the 1977 Nobel Prize in Economics jointly with the Swedish economist Bertil Ohlin for their "Pathbreaking contribution to the theory of international trade
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Herbert Simon

Born May 15 1916(1916--)
Milwaukee, Wisconsin
Died January 9 2001 (aged 86)
Pittsburgh, Pennsylvania
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Theodore William Schultz (April 30, 1902 – February 26, 1998) was the 1979 winner (jointly with William Arthur Lewis) of the Nobel Memorial Prize in Economics.
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Sir William Arthur Lewis (January 23, 1915 – June 15, 1991) was a Saint Lucian economist well known for his contributions in the field of economic development. In 1979 he won the Nobel Prize in Economics, becoming the first black person to win a Nobel Prize in a category
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Lawrence Robert "Larry" Klein (born September 14, 1920) is an American economist.

Klein was born in Omaha, Nebraska. For his work in creating computer models to forecast economic trends in the field of econometrics at the Wharton School of the University of Pennsylvania, he
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